Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69G - Division of Unclaimed Property › Chapter 69G-20 - UNCLAIMED PROPERTY › Section 69G-20.030 - DEFINITIONS

Current through Reg. 50, No. 138; July 16, 2024
As used in this rule chapter.
(1) The definitions provided in section
				 717.101, F.S., shall also apply
				to this rule chapter.
(2) "Service
				charge" and "maintenance charge" means all documented charges that are incurred
				by a banking or financial organization with regard to the handling of an
				account.
(3) "Presumed Unclaimed"
				means the apparent owner has not indicated an interest in the property for the
				applicable prescribed period. The interest should be evidenced by communication
				by the owner with a record of same on file.
(4) "Safekeeping Repository" means safe
				deposit boxes held in banks and financial institutions.
(5) "Owner of a Cashiers' Check" is the named
				payee of the cashiers' check unless the remitter has a release of ownership
				from the payee.
(6) "Inactive
				status" means the holder is not required to file a report of unclaimed property
				with the Department on an annual basis.
(7) "Report of unclaimed property" means a
				report that complies with all the requirements of sections
				 717.101 through
				 717.117 and
				 717.119, F.S., created in
				accordance with the Department's prescribed format and filed through the
				Department's Holder Reporting Online System.
(8) "Zero report" means a report of unclaimed
				property that has a zero value due to the reporting entity having no unclaimed
				property for the reporting period.
(9) "Claimant's Representative" means a
				Florida attorney-at-law, Florida-certified public accountant, or private
				investigator who is duly licensed to do business in Florida, registered with
				the Department, and authorized by the claimant to claim unclaimed property on
				the claimant's behalf.
(10) "Entity
				Representative" means one who is legally authorized to represent a claimant
				that is not a natural person. As used in this definition, the phrase "entity
				representative" does not include a Claimant's Representative.
(11) "Approximate value" or "approximate
				dollar value," for purposes of sections
				 717.135 and
				 717.1351, F.S., means within 15%
				of the actual value.
(12)
				"Electronic medium," for purposes of subsection
				 717.117(1),
				F.S., means the Holder Reporting Online System, which is a report filing portal
				available on the Division of Unclaimed Property's website.
(13) "Auction fees, preparation costs, and
				expenses," for purposes of subsection
				 717.122(1),
				F.S., means appraiser and contractor fees, catalogue fees, and travel
				expenses.
(14) "Claimant" means any
				person, as defined by subsection
				 1.01(3), F.S.,
				excluding another state, asserting an interest in any portion of any property
				paid or delivered to the Department on whose behalf a claim is filed.
(15) "Electronic" means relating to
				technology having electrical, digital, magnetic, wireless, optical,
				electromagnetic, or similar capabilities.
(16) "Electronic record" means a record
				created, generated, sent, communicated, received, or stored by electronic
				means.
(17) "Electronic signature"
				means an electronic sound, symbol, or process attached to or logically
				associated with a record and executed or adopted by a person with the intent to
				sign the record.
(18) "Record"
				means information that is inscribed on a tangible medium or that is stored in
				an electronic or other medium and is retrievable in perceivable form, including
				public records as defined in section
				 119.011,
				F.S.
Rulemaking Authority
					 717.117(1),
					 717.124,
					 717.138 FS. Law Implemented
					 668.50(2),
					 717.101,
					 717.102,
					 717.103,
					 717.104,
					 717.1045,
					 717.105,
					 717.106,
					 717.107,
					 717.1071,
					 717.108,
					 717.109,
					 717.1101,
					 717.111,
					 717.112,
					 717.1125,
					 717.113,
					 717.115,
					 717.116,
					 717.117,
					 717.119,
					 717.1201,
					 717.122,
					 717.124,
					 717.1241,
					 717.1315,
					 717.1322(5),
					 717.135,
					 717.1351,
					 717.138,
					 717.139,
					 717.1400,
					 731.201,
					 736.0103
					 FS.
New 6-23-91, Amended 1-28-97, 4-16-02, Formerly 3D-20.030,
					 Amended 1-3-05, 4-20-16, Formerly
					  69I-20.030.