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NE LB183

Bill

Status

Passed

5/13/2025

Primary Sponsor

Barry DeKay

Click for details

Origin

Legislature

109th Legislature

AI Summary

  • Requires the State Treasurer to publish abandoned property notices annually between March 1 and March 10 in legal newspapers in each county where property owners' last-known addresses are located

  • Prohibits commercial or professional property locators from charging service or finders' fees until 24 months after abandoned property names have been published or officially disclosed

  • Caps professional finders' fees at 10% of the total dollar amount of abandoned property and requires finders to disclose property details and inform owners they can claim property from the State Treasurer free of charge

  • Grants the Auditor of Public Accounts unrestricted access to confidential owner records (social security numbers, dates of birth, last-known addresses) that are otherwise protected like tax return information

  • Removes obsolete language regarding the life insurance corporation demutualization trust fund that terminated on March 13, 2019

Legislative Description

Change provisions relating to the Uniform Disposition of Unclaimed Property Act

Last Action

Approved by Governor on May 13, 2025

5/13/2025

Committee Referrals

Government, Military and Veterans Affairs1/15/2025

Full Bill Text

No bill text available