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<xml>
<title>Illinois General Assembly - Bill Status for HB 2677         </title>
<shortdesc>UNCLAIMED PROPERTY-VARIOUS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Michael J. Zalewski</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>765 ILCS 1026/15-201</reference><aliasreference></aliasreference><reference>765 ILCS 1026/15-210</reference><aliasreference></aliasreference><reference>765 ILCS 1026/15-503</reference><aliasreference></aliasreference><reference>765 ILCS 1026/15-603</reference><aliasreference></aliasreference><reference>765 ILCS 1026/15-1002.1</reference><aliasreference></aliasreference><reference>765 ILCS 1026/15-1004</reference><aliasreference></aliasreference><reference>765 ILCS 1026/15-1401</reference><aliasreference></aliasreference><reference>765 ILCS 1026/15-1402</reference><aliasreference></aliasreference><SynopsisText>     Amends the Revised Uniform Unclaimed Property Act. Makes changes concerning the time and circumstances under which financial organization deposits are presumed abandoned. Makes changes in provisions governing extending the reporting date of certain reported renewable time deposits. Deletes language requiring a holder to inform the administrator to provide a telephone number to contact the administrator to inquire about or claim property. Provides that the administrator does not need to notify the Department of Revenue of the names or social security numbers of apparent owners of abandoned property if he or she reasonably believes that the Department of Revenue will be unable to provide information that would provide sufficient evidence to establish that the person in the Department of Revenue's records is the apparent owner of unclaimed property in the custody of the administrator. Provides that the State Treasurer may, at reasonable times and upon reasonable notice: (1) examine the records of specified types of financial organizations under certain conditions; (2) issue an administrative subpoena requiring the financial organization to make records available for examination; and (3) bring an action seeking judicial enforcement of the subpoena. Provides that records obtained in examinations of State-regulated financial organizations are subject to the same provisions concerning use and confidentiality as records obtained in examinations of other persons. Makes other changes. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/14/2019</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Michael J. Zalewski</action>
<statusdate>2/14/2019</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/14/2019</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/26/2019</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/6/2019</statusdate><chamber>House</chamber><action>To Property Tax Subcommittee</action>
<statusdate>3/28/2019</statusdate><chamber>House</chamber><action>Recommends Do Pass Subcommittee/ Revenue &amp; Finance Committee;  006-000-000</action>
<statusdate>3/28/2019</statusdate><chamber>House</chamber><action>Reported Back To Revenue &amp; Finance Committee;</action>
<statusdate>3/28/2019</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Revenue &amp; Finance Committee;  015-000-000</action>
<statusdate>3/29/2019</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>4/10/2019</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>4/10/2019</statusdate><chamber>House</chamber><action>Held on Calendar Order of Second Reading - Short Debate</action>
<statusdate>4/12/2019</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

