Adds to and amends existing law to provide for first-time home buyer savings accounts, to revise custodial account provisions, and to revise provisions regarding credit unions acting as custodians or fiduciaries under certain trust instruments or custodial agreements.

FIRST-TIME HOME BUYERS -- Adds to and amends existing law to provide for first-time home buyer savings accounts, to revise custodial account provisions, and to revise provisions regarding credit unions acting as custodians or fiduciaries under certain trust instruments or custodial agreements.