This bill amends several sections of Louisiana's Revised Statutes concerning warranties for negotiable instruments and bank deposits. Key changes include the introduction of a requirement for written notice of breach of warranty claims to be sent via certified or registered mail or commercial courier. If the warrantor fails to respond within thirty days of receiving this notice, the claimant is entitled to recover reasonable attorney fees in addition to damages for the breach. The bill also clarifies that warranties related to checks cannot be disclaimed and establishes that a warrantor's liability may be discharged if notice of the claim is not given within 30 days of the claimant becoming aware of the breach.

The amendments specifically affect R.S. 10:3-416, 3-417, 4-207, and 4-208, enhancing the protections for parties involved in transactions involving negotiable instruments. The bill aims to streamline the process for claiming damages and ensure that parties are held accountable for breaches of warranty, thereby promoting fairness and clarity in financial transactions.