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 reasonable period of time, not less than thirty calendar days, to complete the necessary actions for disclosure.

Furthermore, the bill establishes that the requesting person must reimburse the bank 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 amount of fees and costs, the bank is not required to produce the financial records until a court or appropriate body has determined the reimbursement amount. This legislative change aims to clarify the conditions under which financial records can be disclosed and ensure that banks are compensated for their efforts in complying with such requests.

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)