An Act amending the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, in disposition of abandoned and unclaimed property, further providing for report of property subject to custody and control of the Commonwealth under this article, for certificate of finder registration, for notice and publication of lists of property subject to custody and control of the Commonwealth under this article and for penalties.
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill amends the Pennsylvania Fiscal Code to improve the process for handling abandoned and unclaimed property. It updates requirements for agreements with individuals assisting in recovering property, establishes a certificate of finder registration with specific requirements and background checks, and clarifies procedures for publishing lists of property and imposing penalties for violations. The bill also modifies the notice process to include a statement about claiming property through the State Treasurer without charge.
Key provisions
- Updates requirements for agreements with individuals assisting in recovering abandoned property, including fee limits and disclosure requirements.
- Establishes a certificate of finder registration with specific application requirements, including background checks and sworn statements.
- Requires a five-year term for finder registration certificates and outlines renewal procedures.
- Modifies the notice process for abandoned property, requiring a statement about claiming property without charge.
- Increases penalties for violations of the unclaimed property regulations, including fines and potential felony charges for repeat offenses.
- Specifies the form and content of finder agreements to be made publicly available on the Treasury Department website.
Who is affected
- Individuals and businesses who may have abandoned or unclaimed property.
Bill text
Read the latest version inline or switch to a previous version.
Document of record
- Version
- Pn 1475 Html
- Published
- Not published in the source record
This version is published only as a document. Open the viewer to read it here, or download the file.
Sponsors
Official sponsors from legislative records.
7 on record
Primary sponsor
Lynda Schlegel Culver
Cosponsors
Patrick Stefano
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours