MI HB4703

Establishes a three-tier appeal process for holders who dispute an administrator's determination that they failed to report or deliver unclaimed property: request for reconsideration, appeal to an administrator-appointed delegate, and circuit court action.

Requires the administrator to mail a notice of examination determination by certified or registered mail, with holders having 90 days to either file a request for reconsideration or file an action in circuit court.

Holders must deliver non-contested property while their reconsideration request is pending, with interest continuing to accrue on all undelivered property during the dispute process.

Grants holders the right to submit additional documentation within 60 days of filing a reconsideration request, with the administrator required to issue a written decision within 60 days (extendable to 183 days for good cause).

Specifies that any appeal delegate must be independent from the department's enforcement staff and must have qualifications equivalent to a Michigan civil service administrative law examiner, with hearings conducted within 90 days of filing.