92nd General Assembly
Summary of HB2282
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House Sponsors:
HANNIG-BURKE.

Senate Sponsors:
WALSH,T

Short description: 
UNCLAIMD PROPRTY-CURRENCY XCHG                                             

Synopsis of Bill as introduced:
        Amends the Uniform Disposition of  Unclaimed  Property  Act.   In      
   provisions  concerning  the  report of a holder of unclaimed property,      
   provides that the report and remittance of the property  specified  in      
   the report shall be filed by currency exchanges by the date determined      
   in  the  report  issued by the Department of Financial Institutions at      
   the conclusion of its annual examination of  each  currency  exchange.      
   Effective immediately.                                                      
        HOUSE AMENDMENT NO. 2.                                                 
          Adds reference to:                                                   
          205 ILCS 405/6                                                       
        Replaces everything after the  enacting  clause.   Amends  the         
   Currency Exchange Act.  Provides that under policies of insurance           
   against loss due  to  forgery,  a  currency  exchange  may assume           
   the first $1,000, rather than $100, of each claim.  Amends the              
   Uniform Disposition of Unclaimed Property Act.  Provides that a             
   currency  exchange  shall  report  and remit property specified in the      
   report within 30 days after the conclusion of its  annual  examination      
   by the Department of Financial Institutions. Effective immediately.         
 
Last action on Bill: PUBLIC ACT.............................. 92-0271

   Last action date: AUG-07-2001

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status