House Bill No. by Representative Thomas amends existing law regarding the disclosure of financial records by banks. The bill modifies the conditions under which a bank may disclose financial records in response to a disclosure demand. Specifically, it changes the requirement for the service notice period from "30 business days" to "30 calendar days" prior to the return date. This adjustment applies to both the affidavit that must be provided by the person requesting the disclosure and the reasonable period of time that a bank must be given to complete the necessary actions for disclosure.

Additionally, the bill maintains the requirement that banks be reimbursed for reasonable fees and costs incurred while complying with disclosure requests. This includes costs related to document reproduction, research, processing, personnel, and travel expenses. If there is a disagreement between the bank and the requesting party regarding the amount of fees and costs, the bank is not obligated to produce the financial records until the court or appropriate body has determined the reimbursement amount. Overall, the bill aims to clarify and streamline the process for banks when responding to financial record disclosure demands.

Statutes affected:
HB91 Original: 6:333(C)(2)