TN HB1523

Amends subpoena service requirements for financial records, allowing service on customers through standard legal methods or, in judicial proceedings where the customer is a named party, through pleading service rules under Tennessee Rules of Civil Procedure

Removes the duty for financial institutions to confirm subpoena service on a customer, the customer's estate, or heirs if the institution reasonably believes the customer is deceased

Establishes flexible delivery methods for subpoenaed financial records, allowing electronic submission or any method agreed upon by the issuer and custodian, with physical delivery, U.S. mail, or delivery service as fallback options

Requires issuers receiving subpoenaed financial records to retain them securely and confidentially, disclosing only to persons entitled to view them in connection with the relevant proceeding

Takes effect July 1, 2026