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House Bill 1210


House Bill 1210

ARCHIVE (2007)

Latest Information

 

DIGEST OF HB1210 (Updated April 17, 2007 2:16 pm - DI 84)


Homeowner protection unit account and unclaimed property. Provides that money in the homeowner protection unit account administered by the attorney general does not revert at the end of a state fiscal year. Allows the attorney general to publish a notice of unclaimed property electronically on the attorney general's web site instead of in a newspaper if the address of the apparent owner of the property: (1) is not reported to the attorney general by the previous holder of the property; or (2) is outside Indiana. Provides that an electronic notice of unclaimed property must remain on the attorney general's web site for at least two weeks. Provides that if the attorney general's examination of a person's records reveals that the person holds property that is reportable under the law governing abandoned property, the attorney general may assess the cost of the examination against the person at a reasonable rate established by the attorney general. (Current law provides that the attorney general may recover the cost of the examination at a rate of $200 a day for each examiner.)
Current Status:
 Law Enacted
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