House Bill No. [insert number] amends R.S. 6:333(C)(2)(b) and (G) to enhance the requirements for banks regarding the disclosure of financial records. The bill stipulates that a bank may only disclose financial records if the requesting party provides an affidavit confirming that service was made at least thirty calendar days prior to the return date, replacing the previous requirement of thirty business days. Additionally, the bill mandates that banks be given a minimum of thirty calendar days to complete the necessary actions for disclosing financial records.

Furthermore, the bill establishes that banks must be reimbursed for reasonable fees and costs incurred during the compliance process, which may include document reproduction, research, processing, personnel, and travel expenses. If there is a disagreement over the reimbursement amount, the bank is not obligated to produce the financial records until a court or appropriate body has determined the fees. This legislation aims to ensure that banks have adequate time and compensation for their efforts in responding to disclosure demands.

Statutes affected:
HB91 Original: 6:333(C)(2)
HB91 Engrossed: 6:333(C)(2)
HB91 Enrolled: 6:333(C)(2)
HB91 Act 56: 6:333(C)(2)