5206977, 69I-20.0011 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 5206977

Notice of Development of Rulemaking

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Accounting and Auditing

Chapter:

UNCLAIMED PROPERTY

Overview

RULE:

69I-20.0011	Full Disclosure Statement (Transferred)
69I-20.0021	Procedures for Filing Claim (Transferred)
69I-20.0022	Proof of Ownership and Entitlement to Unclaimed Property (Transferred)
69I-20.0023	Database Submissions (Transferred)
69I-20.0024	Investigation or Examination Fees (Transferred)
69I-20.0025	Shareholder Affidavit (Transferred)
69I-20.0026	Claimant Affidavit (Transferred)
69I-20.0027	Payment of Conflicting Claims (Repealed)
69I-20.0028	General Principles for Joint Ownership of Property for Accounts that are not Unclaimed Demand, Savings or Checking Accounts Formerly Held by a Financial Institution (Transferred)
69I-20.0029	Survivorship Accounts Reported by a Financial Institution (Transferred)
69I-20.030	Definitions (Transferred)
69I-20.031	Holder Due Diligence.
69I-20.034	Report of Unclaimed Property (Transferred)
69I-20.035	Reporting Safe Deposit Box Contents (Transferred)
69I-20.036	Remitting of Safe Deposit Box Contents and Reimbursement of Expenses (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-20.050	Voluntary Disclosure Agreements, Examinations and Audits (Transferred)

PURPOSE:

The purpose of the rule development is to do the following:
Rule 69I-20.0011: The purpose and effect of the proposed rule is to specify the mailing and Internet address of the Bureau of Unclaimed Property.
Rule 69I-20.0028: The purpose and effect of the proposed rule is to provide general principles for jointly owned property.
Rule 69I-20.0029: The purpose and effect of the proposed rule is to provide that “and” accounts, “or” accounts, and accounts otherwise reported by financial institutions in the name of two or more individuals shall be treated as survivorship accounts in the absence of evidence to the contrary.
Rule 69I-20.031: The purpose and effect of the proposed rule is to merge the definition of the term “due diligence” codified in Section 717.101(9), F.S., with the statutory provision of Section 717.117(4), F.S., which implements the definition.
Rule 69I-20.050: The purpose and effect of the proposed rule amendment is to amend the rule and provide that a holder may not enter into a voluntary disclosure agreement if the holder has agreed to a self-audit, been requested by the Department to conduct a self-audit, or has been notified of the Department’s intention to audit or examine the holder.

SUBJECT:

Rules 69I-20.0011: Full disclosure. 69I-20.0028: Joint ownership of unclaimed property. 69I-20.0029: Survivorship accounts. 69I-20.031: Due diligence. 69I-20.050: Voluntary disclosure agreements.

RULEMAKING AUTHORITY:

717.117(1), 717.138 FS.

LAW:

655.005, 655.79, 717.101, 717.117, 717.119, 717.124, 717.12403, 717.126, 717.129, 717.135, 717.1351, 731.201 FS.

PRINT PUBLISH DATE:

2/8/2008 Vol. 34/06

RELATED STATUTES
AND LAWS:

717.117(1), 717.138 FS., 655.005, 655.79, 717.101, 717.117, 717.119, 717.124, 717.12403, 717.126, 717.129, 717.135, 717.1351, 731.201 FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=69I-20.0011&PDate=2/8/2008&Section=1

REFERENCE MATERIALS:

No reference(s).

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