HB241 • 2026

BANKS/BANKING: Provides changes to the disclosure of financial records law

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Polly Thomas
Last action: 2026-05-15
Official status: Signed by the Governor - Act 142
Effective date: Not listed

Plain English Breakdown

The official source material does not provide specific details about serving disclosure demands to lawyers. The candidate explanation included this detail which is not supported by the provided official bill text.

Changes to Bank Record Disclosure Law

This act updates the definition of 'supervisory agency' and specifies how banks must respond to requests for financial records.

What This Bill Does

Updates the definition of 'supervisory agency' to include the Consumer Financial Protection Bureau.
Allows any person aged eighteen or older, not just a sheriff, to serve disclosure demands on customers.

Who It Names or Affects

Banks in Louisiana
Customers of banks in Louisiana

Terms To Know

Supervisory agency: An entity with the legal right to examine a bank's financial condition, operations, records, or transactions.

Limits and Unknowns

The act does not specify how banks should handle requests from agencies that are not listed as supervisory.
It is unclear if there will be additional regulations or guidelines issued by the state to clarify these changes.
The effective date of this law is August 1, 2026.

Bill History

2026-05-15 H
Effective date: 08/01/2026.
2026-05-15 H
Signed by the Governor. Becomes Act No. 142.
2026-05-14 H
Sent to the Governor for executive approval.
2026-05-14 S
Signed by the President of the Senate.
2026-05-13 H
Enrolled and signed by the Speaker of the House.
2026-05-13 H
Received from the Senate without amendments.
2026-05-12 S
Rules suspended. Read by title, passed by a vote of 33 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.
2026-05-04 S
Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.
2026-04-29 S
Read by title and referred to the Legislative Bureau.
2026-04-28 S
Reported favorably.
2026-04-21 S
Read second time by title and referred to the Committee on Commerce, Consumer Protection and International Affairs.
2026-04-20 S
Received in the Senate. Rules suspended. Read first time by title and placed on the Calendar for a second reading.
2026-04-20 H
Read third time by title, roll called on final passage, yeas 91, nays 0. Finally passed, title adopted, ordered to the Senate.
2026-04-15 H
Scheduled for floor debate on 04/20/2026.
2026-04-14 H
Read by title, ordered engrossed, passed to 3rd reading.
2026-04-13 H
Reported favorably (10-0).
2026-03-09 H
Read by title, under the rules, referred to the Committee on Commerce.
2026-02-20 H
First appeared in the Interim Calendar on 2/20/2026.
2026-02-20 H
Under the rules, provisionally referred to the Committee on Commerce.
2026-02-20 H
Prefiled.

Official Summary Text

BANKS/BANKING: Provides changes to the disclosure of financial records law

Current Bill Text

Read the full stored bill text

ENROLLED
ACT No. 1422026 Regular Session
HOUSE BILL NO. 241
BY REPRESENTATIVE THOMAS
1 AN ACT
2 To amend and reenact R.S. 6:333(A)(12)(g) and (D), relative to the organization and
3 operation of state banks; to provide for definitions; to provide for service of
4 disclosure demands; and to provide for related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 6:333(A)(12)(g) and (D) are hereby amended and reenacted to read
7 as follows:
8 §333. Disclosure of financial records; reimbursement of costs
9 A. As used in this Section:
10 * * *
11 (12) "Supervisory agency" means any entity which has statutory authority
12 to examine the financial condition, business operations, records, or transactions of
13 a bank, including but not limited to the following:
14 * * *
15 (g) The federal Office of Thrift Supervision Consumer Financial Protection
16 Bureau.
17 * * *
18 D. Service of a disclosure demand, or certified copy thereof, on any
19 customer shall be made by utilizing any applicable method for service of citation on
20 said the customer authorized by the Code of Civil Procedure, including Articles 1231
21 through 1265 1267. However, any such service may be made by an individual who
22 is not a party and who is at least eighteen years of age, rather than by the sheriff.
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
HB NO. 241 ENROLLED
1 Service on any customer's counsel of record shall be made by personal service in the
2 office of such counsel of record on either his secretary, as defined in Code of Civil
3 Procedure Article 1235(C), or any partner or office associate of such counsel of
4 record. Service on a customer or on his counsel of record may be made within or
5 without the state of Louisiana.
6 * * *
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.