23092710, 69G-20.041 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 23092710

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Unclaimed Property

Chapter:

UNCLAIMED PROPERTY

Overview

RULE:

69G-20.041

Reporting Instructions Manual for Unclaimed Property

PURPOSE:

Section 717.117, F.S., requires that every person holding funds or other property, tangible or intangible, presumed unclaimed and subject to custody as unclaimed property under chapter 717, F.S., shall report to the department on such forms as the department may prescribe by rule. In lieu of forms, a report identifying 25 or more different apparent owners must be submitted by the holder via electronic medium as the department may prescribe by rule. The report must include the information specified in paragraphs 717.117(1)(a) through (h), F.S. The Department has adopted an instructions manual that holders must follow when reporting and remitting unclaimed property to the Department.

SUMMARY:

The proposed amendments to the Division of Unclaimed Property Reporting Instructions Manual will update and clarify the requirements for reporting unclaimed property to the Division and include a new electronic report format option for entities submitting their report of unclaimed property through the Holder Reporting Online System.

RULEMAKING AUTHORITY:

717.117(1), 717.138 FS.

LAW:

717.101, 717.102, 717.103, 717.1035, 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, 717.129, 717.1311, 717.134, 717.138 FS.

PRINT PUBLISH DATE:

3/30/2020 Vol. 46/62

COMMENTS:

From 3/30/2020 To 4/20/2020 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

Ref-08599 Florida Division of Unclaimed Property Reporting Instructions Manual

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.