Bill Title: Amends the Revised Uniform Unclaimed Property Act. Allows the administrator to deliver property or pay the amount owing to a person without the person filing a claim if the value of the property that is owed the person is $5,000 (rather than $2,000) or less. Allows the administrator to waive a specific requirement and pay or deliver property directly to a person if the property has a value of less than $2,000 (rather than $500). Allows an heir or agent who files an unclaimed property claim in which the decedent's property does not exceed $250 (rather than $100) to submit an affidavit attesting to the heir's or agent's capacity to claim in lieu of submitting a certified copy of the will to verify a claim. Provides that an affidavit is not required to include a copy of the decedent's death certificate if other evidence of the death of the owner is available. Makes conforming changes. Effective immediately.

Sponsorship: Partisan Bill (Democrat 3)

Status: (Passed) 2022-05-13 - Public Act . . . . . . . . . 102-0835 [SB3174 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2022-05-16	HTML/Text	Link	View
Enrolled	2022-03-31	HTML/Text	Link	View
Engrossed	2022-02-16	HTML/Text	Link	View
Introduced	2022-01-12	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB3174

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB3174 currently on file.