Banks and Financial Institutions - As enacted, clarifies that if a financial institution reasonably believes a customer is deceased, then the financial institution does not have a duty to confirm service of a subpoena on the customer, the customer's estate, or the customer's heirs; makes other changes related to financial records. - Amends TCA Title 45, Chapter 10.

HB 1523 clarifies that Tennessee financial institutions (like banks and credit unions) do not need to verify if a subpoena was served on a deceased customer, their estate, or heirs if the institution reasonably believes the customer is deceased. This change modifies existing law (TCA Title 45, Chapter 10) to streamline legal processes for institutions handling accounts after a customer's death. The bill does not create new obligations but removes a verification step for institutions in these specific circumstances. Other sections update procedures for delivering financial records under subpoena and securing those records, but the core change affects how institutions handle deceased customers' accounts. The bill is procedural and focuses on clarifying existing legal requirements.