Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69G - Division of Unclaimed Property › Chapter 69G-20 - UNCLAIMED PROPERTY › Section 69G-20.036 - REMITTING OF SAFE DEPOSIT BOX CONTENTS AND REIMBURSEMENT OF EXPENSES

Current through Reg. 50, No. 138; July 16, 2024
(1) All property presumed unclaimed under
				section  717.116, F.S., shall be
				delivered to the Department pursuant to section
				 717.119, F.S. The delivery of
				the property, through the U.S. Mail or other carrier, shall be insured at an
				amount equal to the estimated value of the property. The package should be
				clearly marked on the outside "Deliver Unopened." A holder's safe deposit box
				contents shall be delivered to the Department in a single shipment. In lieu of
				a single shipment, holders may provide the Department with a single detailed
				shipping schedule that includes package tracking information for all packages
				being sent pursuant to this section. The detailed shipping schedule shall
				specify the name of the apparent owner previously reported to the Department,
				the physical address of the safe deposit box whose contents are being remitted,
				and the name of a person who may be contacted regarding the report and the
				remittance of the safe deposit boxes.
(2) Reimbursement may be made for the actual
				cost incurred in the opening of a safe deposit box and to any valid lien or
				contract providing for the holder to be reimbursed for unpaid rent or storage
				costs pursuant to section
				 717.1201(7),
				F.S. The Department shall reimburse the holder out of the proceeds remaining
				after the deduction of the Department's selling cost.
(3) Holders shall request reimbursement from
				the Department by submitting a completed Form DFS-UP-112, Safe Deposit
				Reimbursement Claim Form, effective 1-3-05, hereby incorporated by reference
				and available from the Florida Department of Financial Services, Division of
				Unclaimed Property, 200 East Gaines Street, Tallahassee, Florida 32399-0358,
				floridaunclaimedproperty@myfloridacfo.com.
(4)
(a) All
				intangible and tangible property held in a safe deposit box or any other
				safekeeping repository and reported to the Department pursuant to section
				 717.117, F.S., shall be
				delivered to the Department in accordance with section
				 717.119(5),
				F.S. Delivery of property shall be commenced 120 days after the report due date
				and completed within 180 days after the report is due. In the event that the
				reporting date is postponed, the time periods specified in paragraph (4)(a),
				are extended for a period of time equal to the additional time given to the
				holder to report the unclaimed property.
(b) As used herein, delivery in accordance
				with section  717.119(5),
				F.S., means actual delivery of the unclaimed property to the offices of the
				Department in Tallahassee, Florida. As proof of actual delivery holders may
				submit the registered mail return receipt.
(c) Within 120 days of the filing of the
				report, the Department will review reports submitted and notify the holder if
				the Department declines to accept certain items as having insufficient value to
				warrant the expense of notice and sale.
(d) The holder must notify the Department in
				writing within 120 days of the filing of the report that the safe deposit box
				contents have either been claimed by the owner or have no commercial value and
				will not be remitted to the Department by the holder.