Bill Text: IL SB1614 | 2019-2020 | 101st General Assembly | Enrolled
NOTE: There are more recent revisions of this legislation. Read Latest Draft
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: (Passed) 2019-08-09 - Public Act . . . . . . . . . 101-0342 [SB1614 Detail]
Download: Illinois-2019-SB1614-Enrolled.html
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: (Passed) 2019-08-09 - Public Act . . . . . . . . . 101-0342 [SB1614 Detail]
Download: Illinois-2019-SB1614-Enrolled.html
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1 | AN ACT concerning civil law.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Revised Uniform Unclaimed Property Act is | ||||||
5 | amended by changing Section 15-904 as follows:
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6 | (765 ILCS 1026/15-904)
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7 | Sec. 15-904. When administrator must honor claim for | ||||||
8 | property. | ||||||
9 | (a) The administrator shall pay or deliver property to a | ||||||
10 | claimant under subsection (a) of Section 15-903 if the | ||||||
11 | administrator receives evidence sufficient to establish to the | ||||||
12 | satisfaction of the administrator that the claimant is the | ||||||
13 | owner of the property. | ||||||
14 | (b) A claim will be considered complete when a claimant has | ||||||
15 | provided all the information and documentation requested by the | ||||||
16 | administrator as necessary to establish legal ownership and | ||||||
17 | such information or documentation is entered into the | ||||||
18 | administrator's unclaimed property system. Unless extended for | ||||||
19 | reasonable cause, not later than 90 days after a claim is | ||||||
20 | complete the administrator shall allow or deny the claim and | ||||||
21 | give the claimant notice in a record of the decision. If a | ||||||
22 | claimant fails to provide all the information and documentation | ||||||
23 | requested by the administrator as necessary to establish legal |
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1 | ownership of the property and the claim is inactive for at | ||||||
2 | least 90 days, then the administrator may close the claim | ||||||
3 | without issuing a final decision. However, if the claimant | ||||||
4 | makes a request in writing for a final decision prior to the | ||||||
5 | administrator's closing of the claim, the administrator shall | ||||||
6 | issue a final decision. | ||||||
7 | (b-5) An heir or agent who files an unclaimed property | ||||||
8 | claim in which the decedent's property does not exceed $100 may | ||||||
9 | submit an affidavit attesting to the heir's or agent's capacity | ||||||
10 | to claim in lieu of submitting a certified copy to verify a | ||||||
11 | claim. The affidavit shall be accompanied by a copy of other | ||||||
12 | documentary proof that the administrator requests. The | ||||||
13 | administrator may change the maximum value in this subsection | ||||||
14 | by administrative rule. | ||||||
15 | (c) If the claim is denied or there is insufficient | ||||||
16 | evidence 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.
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25 | (Source: P.A. 100-22, eff. 1-1-18 .)
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26 | Section 99. Effective date. This Act takes effect upon |
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1 | becoming law.
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