Bill > SB1618

This bill amends Tennessee law concerning financial records, primarily by clarifying a financial institution's responsibilities when a customer is believed to be deceased. Specifically, if a financial institution has a reasonable belief that a customer has died, it is no longer required to confirm that a subpoena, which is a legal order demanding the production of documents or testimony, has been properly served on the deceased customer, their estate, or their heirs. The bill also makes changes to how financial records are delivered when requested by a subpoena, allowing for electronic submission if agreed upon by both the issuer of the subpoena and the financial institution (the custodian of the records), and outlining alternative delivery methods if an agreement cannot be reached. Furthermore, it mandates that once records are received, the issuer must keep them secure and confidential, only sharing them with individuals or entities legally permitted to view them in relation to the case for which the subpoena was issued.