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Sen. John G. Mulroe
Filed: 3/13/2019
| | 10100SB1813sam001 | | LRB101 10992 JLS 57797 a |
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| 1 | | AMENDMENT TO SENATE BILL 1813
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| 2 | | AMENDMENT NO. ______. Amend Senate Bill 1813 on page 1, |
| 3 | | line 5, by deleting "44,"; and
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| 4 | | on page 1, line 6, by replacing "Section 10.2" with "Sections |
| 5 | | 10.2 and 44.1"; and
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| 6 | | on page 7, by replacing lines 10 through 21 with the following:
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| 7 | | "(205 ILCS 305/44.1 new) |
| 8 | | Sec. 44.1. Unclaimed property; dormancy or escheat fee. A |
| 9 | | credit union may deduct a dormancy charge or an escheat fee |
| 10 | | from property required to be paid or delivered to the |
| 11 | | administrator under the Revised Uniform Unclaimed Property |
| 12 | | Act, provided the amount of the deduction is consistent with |
| 13 | | the standards set forth in subsection (b) of Section 15-602 of |
| 14 | | that Act. In making the deduction, a credit union may allocate, |
| 15 | | classify, and record all or a portion of the deduction, as |