Bill > HB1523

This bill clarifies that if a financial institution reasonably believes a customer is deceased, it is not required to confirm that a subpoena, which is a legal order demanding documents or testimony, has been properly served on the deceased customer, their estate, or their heirs. The bill also makes changes regarding how financial records are delivered and handled after a subpoena is issued, specifying that records should be delivered in the manner and location requested by the issuer of the subpoena, with options for electronic submission or physical delivery if no specific method is provided or agreed upon, and requires the issuer to keep these records secure and confidential, only disclosing them to authorized individuals for the purpose of the legal proceeding.