HB 2759 Summary

• Establishes restrictions on financial institutions releasing 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 release and allows customers 14 days to file a motion to quash based on irrelevance, undue burden, harassment, or lack of merit.

• Mandates that copies of subpoenas be served on customers at their last known address and that financial institutions preserve original records without alteration during the challenge period.

• Permits exceptions for supervisory agencies conducting regulatory functions, disclosures between financial institutions for business purposes, and grand jury subpoenas when a court orders non-notification to protect an ongoing criminal investigation.

• Requires government authorities to mail customers a copy of search warrants and notice of record access within 90 days and specifies that financial institutions have up to 10 calendar days to comply with warrant requests.