RELATES TO:
KRS Chapter 13B, 393.010, 393.160
STATUTORY AUTHORITY:
KRS 393.280(4)
CERTIFICATION STATEMENT:
NECESSITY, FUNCTION, AND CONFORMITY:
KRS 393.280(4) authorizes the State Treasurer to promulgate administrative regulations necessary to implement KRS Chapter 393. This administrative regulation establishes the appeals and administrative hearings process when a decision regarding unclaimed property adversely affects a person.
- Section 1. A person adversely affected by a decision of a holder of unclaimed property regarding that property may request the department to review the holder's decision and make a determination regarding the claim.
Section 2. A claimant of unclaimed property whose claim is denied by the department may appeal the denial and request in writing an administrative hearing within thirty (30) days of the denial.
- (1) Upon receipt of a written request for an administrative hearing, the department shall set the date, time, and place of the hearing and shall forthwith notify the person by regular U.S. mail.
- (2) An administrative hearing conducted pursuant to this section shall be held in accordance with KRS Chapter 13B.
- (3) Pursuant to KRS 393.160 any final order issued by the Treasurer may be appealed to the Franklin Circuit Court within sixty (60) days after issuance.
History
(21 Ky.R. 686; 1283; eff. 10-12-1994; 26 Ky.R. 411; 989; eff. 11-15-1999; Crt eff. 6-12-2019; Crt to Am 4-15-2026; Am due 10-27-2027.)