HF 4502: Trusted contact program established to mitigate financial exploitation and fraud, and liability limited.
HF 4502 status: Introduced — Effective date 08/01/2026 (updated Aug 1, 2026).
What this bill does
Overall score
Bill summary
OfficialTrusted contact program established to mitigate financial exploitation and fraud, and liability limited.. Currently in House.
Key analysis
Impact analysis
Environment
Benefits
- No direct impact on environmental policy.
Risks
- No direct impact on environmental policy.
Economy
Benefits
- Mitigates direct costs associated with financial exploitation and fraud.
- Aligns state procedures with industry best practices.
Risks
- Increases administrative and compliance overhead for financial institutions.
Society
Benefits
- Provides additional protections for vulnerable populations from financial exploitation.
- Establishes a proactive mechanism for fraud intervention.
Risks
- Risk of privacy concerns if third-party contact information is misused or improperly disclosed.
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
LegiScan returned a PDF-only document. PDF extraction is not enabled in this build, so the pipeline used a safer fallback.
Analysis based solely on abstract; specific privacy safeguards and liability limits remain unknown.
Where it stands
Introduced
CurrentEffective date 08/01/2026
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
UpcomingHow it affects your district
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