Published on: 17632289. In 2016, the Florida Legislature enacted Section 717.1381, F.S., to provide for a circuit court procedure for escheating to the State of Florida unclaimed United States savings bonds registered in the name of Florida residents. Once the bonds have been escheated to the State of Florida, the Department of Financial Services may request that the bond proceeds be remitted to the Department by the United States Treasury. The Florida Legislature also enacted Section 717.1382, F.S., which provides that the Department may approve a claim for the escheated bonds upon the claimant providing sufficient proof of the validity of the person’s claim. The proposed rule specifies who may receive either the physical U.S. savings bond (when the proceeds thereof have not yet been remitted to the Department) or the proceeds of the bonds that have been paid by the United States Treasury to the Department.
Published on: 16853864. 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.
Published on: 16475176. The primary purpose of this rulemaking is to adopt language to implement the electronic claims filing provision in subsection 717.124(7), F.S. Further, these rules are being amended to clarify the statutory requirements under sections 717.135 and 717.1351, F.S., for filing claims and to remove unnecessary language.
Published on: 16470423. The proposed amendments will update and clarify the requirements for reporting and remitting unclaimed property to the Department.
Published on: 5206977. 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.