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<xml>
<title>Illinois General Assembly - Bill Status for SB 1470         </title>
<shortdesc>UNCLAIMED PROP-COMMUNICATION</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. William E. Brady</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Emily McAsey)</altsponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2019</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>765 ILCS 5/0.01</reference><aliasreference>from Ch. 30, par. 0.01</aliasreference><SynopsisText>Amends the Conveyances Act. Makes a technical change in a Section concerning the Act's short title.</SynopsisText><synopsistitle>Senate Committee Amendment No. 1</synopsistitle>
<reftype>Deletes reference to:</reftype><reference>765 ILCS 5/0.01</reference><aliasreference>from Ch. 30, par. 0.01</aliasreference><reftype>Adds reference to:</reftype><reference>765 ILCS 1025/11</reference><aliasreference>from Ch. 141, par. 111</aliasreference><SynopsisText>Replaces everything after the enacting clause. Amends the Uniform Disposition of Unclaimed Property Act. Provides that if a holder of presumed abandoned property has not communicated with the owner at his or her last known address at least 120 days before the deadline for filing the annual report and the value of the property is $1,000 or more, the holder shall mail, at least 60 days before that deadline, a letter by United States certified mail, return receipt requested, to the owner at his or her last known address unless the address is shown as inaccurate. Provides that a signed receipt constitutes a written communication received by the holder from the owner and rebuts the presumption of abandonment. Provides that the State Treasurer may adopt rules allowing a holder to deduct reasonable costs incurred in sending the notice. Effective January 1, 2018.</SynopsisText></synopsis>
<actions>
<statusdate>2/9/2017</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Michael Connelly</action>
<statusdate>2/9/2017</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/9/2017</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/28/2017</statusdate><chamber>Senate</chamber><action>Assigned to State Government</action>
<statusdate>3/1/2017</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Filed with Secretary by Sen. Michael Connelly</action>
<statusdate>3/1/2017</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Referred to Assignments</action>
<statusdate>3/7/2017</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Assignments Refers to State Government</action>
<statusdate>3/15/2017</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Adopted</action>
<statusdate>3/16/2017</statusdate><chamber>Senate</chamber><action>Do Pass as Amended State Government;  008-000-000</action>
<statusdate>3/16/2017</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading March 28, 2017</action>
<statusdate>4/26/2017</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>4/26/2017</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading April 27, 2017</action>
<statusdate>4/28/2017</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading Deadline Established As May 31, 2017</action>
<statusdate>5/4/2017</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 053-000-000</action>
<statusdate>5/5/2017</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>5/5/2017</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Emily McAsey</action>
<statusdate>5/9/2017</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>5/9/2017</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>5/15/2017</statusdate><chamber>House</chamber><action>Assigned to Judiciary - Civil Committee</action>
<statusdate>5/16/2017</statusdate><chamber>House</chamber><action>To Real &amp; Personal Property Law Subcommittee</action>
<statusdate>5/19/2017</statusdate><chamber>House</chamber><action>Committee Deadline Extended-Rule 9(b) May 26, 2017</action>
<statusdate>5/26/2017</statusdate><chamber>House</chamber><action>Final Action Deadline Extended-9(b) May 31, 2017</action>
<statusdate>5/29/2017</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Emily McAsey</action>
<statusdate>5/29/2017</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>5/31/2017</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee</action>
<statusdate>5/31/2017</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>5/31/2017</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>12/21/2018</statusdate><chamber>Senate</chamber><action>Chief Sponsor Changed to Sen. William E. Brady</action>
<statusdate>1/9/2019</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

