The bill amends R.S. 6:333(C)(2)(b) and (G) to update the requirements for banks regarding the disclosure of financial records. Specifically, it changes the timeframe for service notification from "fifteen" to "thirty" business days prior to the return date for disclosure demands. This adjustment applies to both the affidavit that the requester must provide and the reasonable period a bank is allotted to prepare for the disclosure.

Additionally, the bill stipulates that banks must be reimbursed for reasonable fees and costs incurred while complying with disclosure requests. This includes expenses related to document reproduction, research, processing, personnel, and travel. If there is a disagreement over the reimbursement amount, the bank is not required to produce the financial records until a court or appropriate body has determined the fees to be paid.

Statutes affected:
SB428 Original: 6:333(C)(2)
SB428 Engrossed: 6:333(C)(2)
SB428 Enrolled: 6:333(C)(2)
SB428 Act 351: 6:333(C)(2)