16853864, 69I-20.0021 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 16853864

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Accounting and Auditing

Chapter:

UNCLAIMED PROPERTY

Overview

RULE:

69I-20.0021	Procedures for Filing Claim (Transferred)
69I-20.0022	Proof of Ownership and Entitlement to Unclaimed Property (Transferred)
69I-20.030	Definitions (Transferred)
69I-20.034	Report of Unclaimed Property (Transferred)
69I-20.038	Late Annual Report(s), Late Payment(s), and Late Delivery of Abandoned Property (Transferred)
69I-20.040	Written Notice (Transferred)
69I-20.041	Bureau of Unclaimed Property Reporting Instructions (Transferred)

PURPOSE:

The proposed amendments will update and clarify the requirements for reporting and remitting unclaimed property to the Department and add procedures to allow the submission of electronic claims for unclaimed property.

SUMMARY:

Rule 69I-20.0021, F.A.C., adds procedures to allow the submission of electronic claims for unclaimed property. Rule 69I-20.0022, F.A.C., allows the Department to use an identity authentication service to verify the claimant’s identity for certain submitted claims. Rule 69I-20.030, F.A.C., updates and adds definitions. Rule 69I-20.034, F.A.C., requires holders reporting 25 or more apparent owners to file an electronic report through the Department’s Holder Reporting Online System; and requires holders reporting less than 25 apparent owners to file a report of unclaimed property using the manual input option or the electronic report format on the Department’s Holder Reporting Online System. Rule 69I-20.038, F.A.C., requires a written request for an extension of time to file an unclaimed property report be postmarked or filed with the Department by April 30th of the subsequent calendar year. Rule 69I-20.040, F.A.C., specifies the information that should be included in the due diligence written notice to apparent property owners. Rule 69I-20.041, F.A.C., incorporates the most recent version of the Florida Unclaimed Property Reporting Instructions Manual.

RULEMAKING AUTHORITY:

717.117(1), 717.119(5), 717.124, 717.138

LAW:

668.50, 717.101, 717.102, 717.103, 717.104, 717.1045, 717.105, 717.106, 717.107, 717.1071, 717.108, 717.109, 717.1101, 717.111, 717.112, 717.1125, 717.113, 717.115, 717.116, 717.117, 717.119, 717.1201, 717.122, 717.124, 717.1241, 717.1315, 717.1322, 717.135, 717.1351, 717.138, 717.139, 717.1400, 732.103, 733.103, 733.815, 735.301

PRINT PUBLISH DATE:

12/8/2015 Vol. 41/236

COMMENTS:

From 12/8/2015 To 12/29/2015 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.