FL H0837

Amends Florida Statutes section 717.106 to accelerate the presumption of unclaimed property for bank deposits and financial accounts valued at $10,000 or less when proof of death is established for all owners and at least 25 months have passed since the last surviving owner's death.

Allows proof of death to be established by presenting an original or certified copy of a death certificate or by comparing the banking organization's ownership records against the Social Security Administration Death Master File or an equivalent database.

Requires death verification comparisons to use the account owner's name and either their social security number or date of birth, with owners presumed deceased unless the banking organization has competent evidence that the person is living.

Clarifies that banking and financial organizations have no duty to actively search for or establish proof of owner death and that the provision does not otherwise affect their existing statutory duties.

Takes effect upon becoming law.