<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 1313         </title>
<shortdesc>UNCLAIMED PROPERTY-VARIOUS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Cristina Castro</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>Senate</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</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. Provides that compensation held on a payroll card is reportable one year after the date of the last indication of interest in the property by the apparent owner, except if the payroll card becomes a demand deposit, then 3 years after the date of the last indication of interest in the property by the apparent owner. 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 shall examine a financial organization in compliance with the visitation standards established in the National Bank Act or the Federal Credit Union Act, if applicable. 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>2/7/2019</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Cristina Castro</action>
<statusdate>2/7/2019</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/7/2019</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/13/2019</statusdate><chamber>Senate</chamber><action>Assigned to Financial Institutions</action>
<statusdate>2/20/2019</statusdate><chamber>Senate</chamber><action>Postponed - Financial Institutions</action>
<statusdate>3/6/2019</statusdate><chamber>Senate</chamber><action>Postponed - Financial Institutions</action>
<statusdate>3/13/2019</statusdate><chamber>Senate</chamber><action>Postponed - Financial Institutions</action>
<statusdate>3/14/2019</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Filed with Secretary by Sen. Cristina Castro</action>
<statusdate>3/14/2019</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Referred to Assignments</action>
<statusdate>3/19/2019</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions</action>
<statusdate>3/20/2019</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Postponed - Financial Institutions</action>
<statusdate>3/20/2019</statusdate><chamber>Senate</chamber><action>Postponed - Financial Institutions</action>
<statusdate>3/22/2019</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As March 28, 2019</action>
<statusdate>3/26/2019</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Postponed - Financial Institutions</action>
<statusdate>3/27/2019</statusdate><chamber>Senate</chamber><action>Postponed - Financial Institutions</action>
<statusdate>3/28/2019</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>3/28/2019</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/13/2021</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

