Bill Text: IL SB1614 | 2019-2020 | 101st General Assembly | Engrossed


Bill Title: Amends the Revised Uniform Unclaimed Property Act. Provides that an heir or agent who files an unclaimed property claim in which the decedent's property does not exceed $100 may submit an affidavit attesting to the heir's or agent's capacity to claim in lieu of submitting a certified copy to verify a claim. Provides that the affidavit shall be accompanied by a copy of other documentary proof that the State Treasurer requests. Provides that the State Treasurer may change the maximum value by administrative rule. Effective immediately.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Engrossed) 2019-05-16 - Placed on Calendar Order of 3rd Reading - Short Debate [SB1614 Detail]

Download: Illinois-2019-SB1614-Engrossed.html



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1 AN ACT concerning civil law.
2 Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4 Section 5. The Revised Uniform Unclaimed Property Act is
5amended by changing Section 15-904 as follows:
6 (765 ILCS 1026/15-904)
7 Sec. 15-904. When administrator must honor claim for
8property.
9 (a) The administrator shall pay or deliver property to a
10claimant under subsection (a) of Section 15-903 if the
11administrator receives evidence sufficient to establish to the
12satisfaction of the administrator that the claimant is the
13owner of the property.
14 (b) A claim will be considered complete when a claimant has
15provided all the information and documentation requested by the
16administrator as necessary to establish legal ownership and
17such information or documentation is entered into the
18administrator's unclaimed property system. Unless extended for
19reasonable cause, not later than 90 days after a claim is
20complete the administrator shall allow or deny the claim and
21give the claimant notice in a record of the decision. If a
22claimant fails to provide all the information and documentation
23requested by the administrator as necessary to establish legal

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1ownership of the property and the claim is inactive for at
2least 90 days, then the administrator may close the claim
3without issuing a final decision. However, if the claimant
4makes a request in writing for a final decision prior to the
5administrator's closing of the claim, the administrator shall
6issue a final decision.
7 (b-5) An heir or agent who files an unclaimed property
8claim in which the decedent's property does not exceed $100 may
9submit an affidavit attesting to the heir's or agent's capacity
10to claim in lieu of submitting a certified copy to verify a
11claim. The affidavit shall be accompanied by a copy of other
12documentary proof that the administrator requests. The
13administrator may change the maximum value in this subsection
14by administrative rule.
15 (c) If the claim is denied or there is insufficient
16evidence to allow the claim under subsection (b):
17 (1) the administrator shall inform the claimant of the
18 reason for the denial and may specify what additional
19 evidence, if any, is required for the claim to be allowed;
20 (2) the claimant may file an amended claim with the
21 administrator or commence an action under Section 15-906;
22 and
23 (3) the administrator shall consider an amended claim
24 filed under paragraph (2) as an initial claim.
25(Source: P.A. 100-22, eff. 1-1-18.)
26 Section 99. Effective date. This Act takes effect upon

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1becoming law.
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