HB 2331 Summary

• Prohibits financial institutions from disclosing customer financial records to government authorities without written customer consent, a valid subpoena, or a search warrant.

• Requires subpoenas for financial records to provide 21 days notice before disclosure and mandates a copy be served on the customer, who has 14 days to file a motion to quash based on irrelevance, unreasonable burden, harassment, or lack of merit.

• Exempts county grand jury subpoenas and supervisory agency examinations from the notice and challenge requirements, though courts may order non-disclosure if it would impede criminal investigations.

• Requires search warrants for financial records to be issued only after finding the records are relevant to a legitimate law enforcement inquiry, with the government authority notifying the customer within 90 days of service.

• Requires government authorities to certify compliance with these procedures before financial institutions release records, and grants immunity to institutions that disclose records in good faith reliance on such certification.