1. A person claiming to be the owner of property held under this chapter by the administrator may file a claim for the property and the claim must be on a form prescribed by the administrator. The claimant shall verify the claim as to the claim's completeness and accuracy.

2. The administrator may waive the requirement in subsection 1 and may pay or deliver property directly to a person if: a. The person receiving the property or payment is shown to be the apparent owner included on a report filed under section 47-30.2-21; and b. The administrator reasonably believes the person is entitled to receive the property or payment.