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OK HB2936

Bill

Status

Passed

5/28/2010

Primary Sponsor

Wes Hilliard

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Amends 6 O.S. 2001, Section 2206 (Financial Privacy Act) to modify fees that financial institutions may charge government authorities for assembling and providing financial records.

  • Increases maximum hourly rate for clerical or technical personnel search and processing costs from $11.00 to $22.00 per hour, computed as $5.50 per quarter hour.

  • Increases maximum hourly rate for management or supervisory personnel search and processing costs from $17.00 to $30.00 per hour, computed as $7.50 per quarter hour.

  • Maintains existing reimbursement rates of $0.25 per page for document reproduction and allows actual cost reimbursement for photographs, films, computer tapes, and transportation costs.

  • Effective November 1, 2010.

Legislative Description

Banks and trust companies; relating to the Financial Privacy Act; raising fees for search and processing of financial records. Effective date.

Financial Institutions

Last Action

Approved by Governor 06/06/2010

5/28/2010

Committee Referrals

Economic Development and Financial Services2/2/2010

Full Bill Text

No bill text available