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(765 ILCS 1026/15-402)
Sec. 15-402. Content of report. (a) The report required under Section 15-401 must: (1) be signed by or on behalf of the holder and |
| verified as to its completeness and accuracy;
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(2) if filed electronically, be in a secure format
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| approved by the administrator which protects confidential information of the apparent owner;
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(3) describe the property;
(4) except for a traveler's check, money order, or
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| similar instrument, contain the name, if known, last-known address, if known, and Social Security number or taxpayer identification number, if known or readily ascertainable, of the apparent owner of property with a value of $5 or more;
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(5) for an amount held or owing under a life or
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| endowment insurance policy, annuity contract, or other property where ownership vests in a beneficiary upon the death of the owner, contain the name and last-known address of the insured, annuitant, or other apparent owner of the policy or contract and of the beneficiary;
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(6) for property held in or removed from a
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| safe-deposit box, indicate the location of the property, where it may be inspected by the administrator, and any amounts owed to the holder under Section 15-606;
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(7) contain the commencement date for determining
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| abandonment under Article 2;
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(8) state that the holder has complied with the
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| notice requirements of Section 15-501;
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(9) identify property that is a non-freely
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| transferable security and explain why it is a non-freely transferable security; and
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(10) contain other information the administrator
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(b) A report under Section 15-401 may include in the aggregate items valued under $5 each. If the report includes items in the aggregate valued under $5 each, the administrator may not require the holder to provide the name and address of an apparent owner of an item unless the information is necessary to verify or process a claim in progress by the apparent owner.
(c) A report under Section 15-401 may include personal information as defined in Section 15-1401(a) about the apparent owner or the apparent owner's property.
(d) If a holder has changed its name while holding property presumed abandoned or is a successor to another person that previously held the property for the apparent owner, the holder must include in the report under Section 15-401 its former name or the name of the previous holder, if any, and the known name and address of each previous holder of the property.
(Source: P.A. 100-22, eff. 1-1-18.)
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