HB 1441 - Authorizes Youth in Foster Care to Open Bank Accounts - Indiana Key Vote

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Title: Authorizes Youth in Foster Care to Open Bank Accounts

Title: Authorizes Youth in Foster Care to Open Bank Accounts

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Title: Authorizes Youth in Foster Care to Open Bank Accounts

Vote Smart's Synopsis:

Vote to pass a bill that authorizes youth in foster care to open bank accounts in Indiana.

Highlights:

  • Specifies that qualified youth in foster care are legally competent to enter into a contract with a depository financial institution to open a savings or checking account in the qualified youth's name with the consent of (Sec. 1):

    • The department of child services; or

    • A juvenile court with jurisdiction over the qualified youth.

  • Specifies that the provisions of this bill shall take effect beginning July 1, 2025 (Sec. 2).

Title: Authorizes Youth in Foster Care to Open Bank Accounts

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