Section 760.35  Due Diligence

a)         Letters mailed to owners as required by Section 11(e) of the Act shall include as a minimum:

1)         the name, address, position and telephone number of the person to contact of the holder;

2)         the steps required by the owner to have the holder remit the property to the owner;

3)         the steps required by the owner to have the holder continue to maintain the property for the owner;

4)         a statement that, if the owner's property is remitted to the State, the owner or heirs may file a claim for the property with the State;

5)         a statement that the State is a perpetual custodian for presumptively abandoned property remitted to the State;

6)         a date, not less than 15 business days prior to the date the holder will remit the property to the State Treasurer, by which the owner must contact the holder.

b)         A holder is not required to make a due diligence mailing to owners whose property, prior to deducting allowable service charges, has an aggregate value of less than $10, and is not included in the categories of securities, commodities, safe deposit boxes, and tangible property.

(Source:  Added at 18 Ill. Reg. 18001, effective December 12, 1994)