781—9.21(556) Reporting aggregate amounts to the division.

Holders may report in the aggregate property with a value under $50, but holders are discouraged from doing so since it impedes the ability of the division to expeditiously pay claims. For this reason, holders are encouraged not to aggregate, regardless of item value. If a holder chooses to report in the aggregate, the holder shall be responsible to provide information required to verify and validate a claim made to aggregated properties.

This rule is intended to implement Iowa Code section 556.11.

[ARC 8844C, IAB 1/22/25, effective 2/26/25]