Authority: IC 32-34-1.5-87

Affected: IC 32-34-1.5

Sec. 15. If the attorney general pays a claimant in error, the attorney general may do the following:

1. (1) In the case of ownership, when a person with the same name can present evidence that payment was made in error, the attorney general may pay the second claimant after notifying the first payee that:

   1. (A) another claimant has filed for the property and is the valid owner;
   2. (B) the first payee is requested to refund the monies paid;
   3. (C) the first payee has the right to present evidence of a superior claim and more fully documented proof of ownership;
   4. (D) the attorney general may require a hearing before an administrative law judge to determine or verify ownership; and
   5. (E) the attorney general may pursue collection through appropriate court action.

2. (2) In the case of error in reporting by a holder:

   1. (A) if a holder's report or ownership verification is found to be in error after the attorney general has paid the listed owner, the holder shall reimburse the attorney general for any funds paid; and
   2. (B) if the request for reimbursement is denied, the attorney general may pursue collection through court action.

(Office of Attorney General for the State; 10 IAC 1.5-4-15; filed Jul 1, 1997, 4:15 p.m.: 20 IR 3004; readopted filed Aug 14, 2003, 1:15 p.m.: 27 IR 946)