TN SB1618

Amends subpoena service requirements for financial records, allowing service on customers who are named parties in judicial proceedings through methods specified in Tennessee Rules of Civil Procedure for subsequent pleadings

Relieves financial institutions of the duty 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 financial records, allowing electronic submission or any method agreed upon by the issuer and custodian, with fallback options including physical delivery, U.S. mail, or delivery service

Requires issuers to retain received financial records securely and confidentially, limiting disclosure only to persons or entities entitled to view them in connection with the relevant proceeding

Takes effect July 1, 2026