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| Public Act 101-0342 | ||||
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AN ACT concerning civil law.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Revised Uniform Unclaimed Property Act is | ||||
amended by changing Section 15-904 as follows: | ||||
(765 ILCS 1026/15-904)
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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.
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(Source: P.A. 100-22, eff. 1-1-18.)
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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