Illinois Administrative Code › Title 74 - PUBLIC FINANCE › Part 760 - REVISED UNIFORM UNCLAIMED PROPERTY ACT › Subpart E - CLAIMS › Section 760.631 - Identification of Apparent Owners of Abandoned Property Using Other State Databases

Current through Register Vol. 48, No. 28, July 12, 2024
a)
The administrator may enter into interagency agreements with the
				Secretary of State and the Illinois State Board of Elections to identify
				persons appearing to be owners of abandoned property with databases under the
				control of the Secretary of State and the Illinois State Board of
				Elections.
These
interagency agreements shall include
				protection of confidential information, data match rules, and other necessary
				and proper issues.
[765 ILCS
				1026/15-503(h)(1) ]
b)
Except as prohibited by federal
				law, after January 1, 2022, the administrator may provide the Secretary of
				State with names and other identifying information of persons appearing to be
				owners of abandoned property.
[765 ILCS
				1026/15-503(h)(2) ] Consistent with
				any interagency agreements with the Secretary of State, the administrator will
				use the
last known address as it appears in its respective records of
				any person reasonably believed to be the apparent owner of abandoned
				property
provided by the Secretary of State to pay apparent owners
				pursuant to the Act. [765 ILCS
				1026/15-503(h)(2) ] Similar to the
				tax return identification of apparent owners in Section
				760.630,
				the administrator will provide unclaimed property data to the Secretary of
				State in order for the Secretary of State to perform the data matching so that
				the Secretary of State can comply with relevant federal laws concerning data
				privacy that prevent the administrator from performing the data
				matching.
c) The administrator will
				request that the
Illinois State Board of Elections
provide
electronic data or compilations of voter registration
				information
to the administrator at least annually.
The
				administrator may use such electronic data or compilations of voter
				registration information to identify persons appearing to be owners of
				abandoned property.
[765 ILCS
				1026/15-503(h)(3) ] Unlike the data
				matching with the Illinois Department of Revenue and the Secretary of State,
				the Illinois State Board of Elections has the legal authority to provide this
				data to the administrator, and the administrator may perform the data matching.
				[10 ILCS
				5/1A-25 and 765 ILCS 1026/15-503(h)(3)]
d)
The administrator may deliver, as
				provided under Section 15-904
of the Act
, property or pay the
				amount owing to a person matched under this Section without the person filing a
				claim under Section 15-903
of the Act
if:
1)
the value of the property that is
				owed the person is $5,000 or less;
2)
the property is not either
				tangible property or securities;
3)
the last known address for the
				person according to the records of the Secretary of State or Illinois State
				Board of Elections is less than 12 months old; and
4)
the administrator has evidence
				sufficient to establish that the person who appears in the records of the
				Secretary of State or Illinois State Board of Elections is the owner of the
				property and the owner currently resides at the last known address from the
				Secretary of State or the Illinois State Board of Elections.
[765 ILCS
				1026/15-503(h)(4)
				]