House Bill No. by Representative Thomas proposes amendments to the disclosure of financial records law in Louisiana, specifically targeting the definitions and service of disclosure demands related to state banks. The bill updates the definition of "supervisory agency" to replace the now-defunct federal Office of Thrift Supervision with the Consumer Financial Protection Bureau. This change reflects the current regulatory landscape and ensures that disclosures of financial records are directed to the appropriate agency.

Additionally, the bill modifies the procedures for serving disclosure demands on customers. It allows for service to be made by individuals who are not parties to the case and are at least eighteen years old, rather than strictly by the sheriff. The amendments also clarify that service can be made on a customer's counsel of record through personal service at their office. These changes aim to streamline the process of serving disclosure demands and expand the methods available for doing so.

Statutes affected:
HB241 Original: 6:333(A)(12)