Section 717.117(1), F.S., provides that every person holding funds or other property, tangible or intangible, presumed unclaimed and subject to custody as unclaimed property under this chapter shall report to the department ....

 

DEPARTMENT OF FINANCIAL SERVICES

Division of Unclaimed Property

RULE NO.:RULE TITLE:

69G-20.035REPORTING SAFE DEPOSIT BOX CONTENTS

PURPOSE AND EFFECT: Section 717.117(1), F.S., provides that every person holding funds or other property, tangible or intangible, presumed unclaimed and subject to custody as unclaimed property under this chapter shall report to the department on such forms as the department may prescribe by rule. The Division of Unclaimed Property has adopted Form DFS-UP-155 to be used to report the contents of a safe deposit box.

SUMMARY: The proposed rule amendment will update Form DFS-UP-155.

SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS AND LEGISLATIVE RATIFICATION:

The Agency has determined that this will not have an adverse impact on small business or likely increase directly or indirectly regulatory costs in excess of $200,000 in the aggregate within one year after the implementation of the rule. A SERC has not been prepared by the Agency.

The Agency has determined that the proposed rule is not expected to require legislative ratification based on the statement of estimated regulatory costs or if no SERC is required, the information expressly relied upon and described herein: The Department’s economic analysis of the potential impact of the proposed rule amendment determined that there will be no adverse economic impact or increased regulatory costs that would require legislative ratification.

Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.

RULEMAKING AUTHORITY: 717.117(1), 717.138 FS.

LAW IMPLEMENTED: 717.116, 717.117, 717.119 FS.

IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE HELD AT THE DATE,TIME AND PLACE SHOWN BELOW(IF NOT REQUESTED, THIS HEARING WILL NOT BE HELD):

DATE AND TIME: September 8, 2022 @ 10:00 A.M.

PLACE: Room B103, Fletcher Building, 101 Gaines Street, Tallahassee, Florida

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 5 days before the workshop/meeting by contacting: Phillip Carlton, Assistant Director, Division of Unclaimed Property, 200 East Gaines Street, Tallahassee, FL 32399-0358, [phone] or [e-mail].. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Phillip Carlton, Assistant Director, at [phone] or [e-mail].

 

THE FULL TEXT OF THE PROPOSED RULE IS:

 

69G-20.035 Reporting Safe Deposit Box Contents.

Safe deposit box contents must shall be reported to the Department of Financial Services, Division of Unclaimed Property, by submitting a completed Form DFS-UP-155, Safe Deposit Box Inventory Form of Property Presumed Unclaimed, effective 08/2022 1-3-05, which is hereby incorporated by reference and available from the Department of Financial Services at: https://fltreasurehunt.gov/UP-Web/sitePages/ReportUnclaimedPropertyHR.jsf under the Remittance Information tab; or on the following link: https://www.flrules.org/gateway/reference.asp?No=Ref-____. Division of Unclaimed Property, 200 East Gaines Street, Tallahassee, Florida 32399-0358,

Rulemaking Authority 717.117(1), 717.138 FS. Law Implemented 717.116, 717.117, 717.119 FS. History–New 1-3-05, Formerly 69I-20.035, Amended __________ .

 

NAME OF PERSON ORIGINATING PROPOSED RULE: Phillip Carlton, Assistant Director

NAME OF AGENCY HEAD WHO APPROVED THE PROPOSED RULE: Jimmy Patronis, Chief Financial Officer

DATE PROPOSED RULE APPROVED BY AGENCY HEAD: August 2, 2022

DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAR: January 14, 2021