Illinois General Assembly - Full Text of Public Act 101-0342
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Public Act 101-0342


 

Public Act 0342 101ST GENERAL ASSEMBLY

  
  
  

 


 
Public Act 101-0342
 
SB1614 EnrolledLRB101 08975 LNS 54068 b

    AN ACT concerning civil law.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Revised Uniform Unclaimed Property Act is
amended by changing Section 15-904 as follows:
 
    (765 ILCS 1026/15-904)
    Sec. 15-904. When administrator must honor claim for
property.
    (a) The administrator shall pay or deliver property to a
claimant under subsection (a) of Section 15-903 if the
administrator receives evidence sufficient to establish to the
satisfaction of the administrator that the claimant is the
owner of the property.
    (b) A claim will be considered complete when a claimant has
provided all the information and documentation requested by the
administrator as necessary to establish legal ownership and
such information or documentation is entered into the
administrator's unclaimed property system. Unless extended for
reasonable cause, not later than 90 days after a claim is
complete the administrator shall allow or deny the claim and
give the claimant notice in a record of the decision. If a
claimant fails to provide all the information and documentation
requested by the administrator as necessary to establish legal
ownership of the property and the claim is inactive for at
least 90 days, then the administrator may close the claim
without issuing a final decision. However, if the claimant
makes a request in writing for a final decision prior to the
administrator's closing of the claim, the administrator shall
issue a final decision.
    (b-5) An heir or agent who files an unclaimed property
claim in which the decedent's property does not exceed $100 may
submit an affidavit attesting to the heir's or agent's capacity
to claim in lieu of submitting a certified copy to verify a
claim. The affidavit shall be accompanied by a copy of other
documentary proof that the administrator requests. The
administrator may change the maximum value in this subsection
by administrative rule.
    (c) If the claim is denied or there is insufficient
evidence to allow the claim under subsection (b):
        (1) the administrator shall inform the claimant of the
    reason for the denial and may specify what additional
    evidence, if any, is required for the claim to be allowed;
        (2) the claimant may file an amended claim with the
    administrator or commence an action under Section 15-906;
    and
        (3) the administrator shall consider an amended claim
    filed under paragraph (2) as an initial claim.
(Source: P.A. 100-22, eff. 1-1-18.)
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 8/9/2019