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FL S0970

Bill

Status

Introduced

11/30/2015

Primary Sponsor

Banking and Insurance

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Increases the aggregate value threshold for small estate accounts from $5,000 to $10,000 in unclaimed property claims.

  • Requires claimants using court documents to establish entitlement to unclaimed property to file certified copies of all pleadings filed within 180 days before signing the claim form.

  • Changes payment timeline for unclaimed property purchase agreements from 10 days to 30 days after seller execution, and requires proof of payment to be filed with the department or the claim becomes void.

  • Removes authorization for private investigators, certified public accountants, and attorneys to obtain social security numbers when registering with the Department of Financial Services.

  • Directs unclaimed funds reported in the names of dormant political campaign accounts to be deposited with the Chief Financial Officer to the credit of the State School Trust Fund.

Legislative Description

Unclaimed Property

Last Action

Laid on Table, companion bill(s) passed, see CS/CS/CS/HB 783 (Ch. 2016-90)

3/4/2016

Committee Referrals

Appropriations2/17/2016
Judiciary2/11/2016
Banking and Insurance12/11/2015

Full Bill Text

No bill text available