The proposed rulemaking amends language to delete duplicative and unnecessary language and updates the Division of Unclaimed Property’s payment practices. The amendment also provides claimants the option to receive the amount ....

 

DEPARTMENT OF FINANCIAL SERVICES

Division of Unclaimed Property

RULE NO.:RULE TITLE:

69G-20.0021PROCEDURES FOR FILING CLAIM

PURPOSE AND EFFECT: The proposed rulemaking amends language to delete duplicative and unnecessary language and updates the Division of Unclaimed Property’s payment practices. The amendment also provides claimants the option to receive the amount of unclaimed property by means of a stored value product or account and makes other necessary updates.

SUBJECT AREA TO BE ADDRESSED: The rulemaking clarifies how unclaimed property will be disbursed to claimants.

RULEMAKING AUTHORITY: 717.124, 717.135, 717.138 FS.

LAW IMPLEMENTED: 92.525, 668.50, 717.1201, 717.124, 717.12403, 717.12404, 717.12405, 717.1242, 717.1243, 717.125, 717.126, 717.1261, 717.1262, 717.135, 717.138 FS.

IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE REGISTER.

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Phillip Carlton, Assistant Director, Division of Unclaimed Property, Department of Financial Services, 101 East Gaines Street, Tallahassee, Florida 32399-0258, [phone], [e-mail].

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.