- (1) A debt collection agency shall initiate their own claims for unclaimed property in the custody of the administrator. The administrator will not initiate claims for debt collection agencies.
- (2) Debt collection agencies will submit citations to discover assets to the administrator at least 30 days in advance of the return date.
- (3) Unclaimed property held by the administrator for a debtor will be held pursuant to a citation to discover assets for up to 90 days.
- (4) Claims submitted by debt collection agencies will be closed after 90 days without the submission of a valid turnover order from a court of competent jurisdiction.
- (5) Claims submitted by debt collection agencies will be paid after receipt of a valid turnover order from a court of competent jurisdiction.
KEY: adjudicative procedures, state treasurer, unclaimed property
Date of Last Change: January 22, 2020
Notice of Continuation: January 21, 2025
Authorizing, and Implemented or Interpreted Law: 67-4a