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 thirty days of the claimant becoming aware of the breach.

Additionally, the bill reinforces the rights of drawees making payments under presentment warranties, allowing them to recover damages and attorney fees under similar notice requirements. The amendments aim to streamline the process for claiming damages related to breaches of warranty, ensuring that parties involved in transactions have clear procedures to follow and protections in place. Overall, the bill seeks to enhance the legal framework governing warranties in financial transactions, promoting accountability and clarity among parties.