Illinois Administrative Code
Title 74 - PUBLIC FINANCE
Part 760 - REVISED UNIFORM UNCLAIMED PROPERTY ACT
Subpart D - NOTICE TO APPARENT OWNERS BY THE ADMINISTRATOR
Section 760.560 - Other Discretionary Means of Providing Notice
Universal Citation: 74 IL Admin Code ยง 760.560
Current through Register Vol. 48, No. 38, September 20, 2024
a) Paid Advertising
1) The administrator may use paid advertising
to increase awareness of the unclaimed property program, provide notice to
persons who may be the owners of unclaimed property in the custody of the
administrator, or to otherwise facilitate the return of unclaimed property to
legal owners.
2) Any paid
advertising shall conform to the requirements of Section 5-20 of the State
Officials and Employees Ethics Act [ 5 ILCS 430 ].
b) Direct Contact
1) The administrator may use contact
information reasonably believed to be accurate to attempt to directly contact
apparent owners of property held by the administrator.
2) When directly contacting an apparent
owner, the administrator may reveal additional information concerning the
apparent owner's property if the administrator believes the information will
assist in identifying and returning property to the owner and does not disclose
personal information as defined in the Personal Information Protection Act [
815 ILCS 530 ].
3) Direct contacts
include, but are not limited to, telephone calls, in-person meetings, direct
electronic communications, targeted social media contacts, and similar methods
of contact.
c) Broadcast Media
1) The administrator may make
agreements with broadcast media outlets to use live telethons, call-in
programs, and similar events of limited duration to both promote the unclaimed
property program authorized by the Act and to notify owners of the existence of
unclaimed property.
2) These
broadcasts should be considered the dissemination of news and should not be
considered a public service announcement or advertisement.
d) Contractual Vendors
1) The administrator may contract with one or
more vendors that provide websites, including any websites endorsed by the
National Association of Unclaimed Property Administrators (NAUPA), to promote
the unclaimed property program and seek to reunite owners with their unclaimed
property.
2) The administrator may
contract with one or more vendors that provide applications to assist apparent
owners in identifying and claiming property in the custody of the
administrator. The vendors shall be selected by a competitive request for
proposals pursuant to the Office of the Treasurer Procurement Rules [44 Ill.
Adm. Code 1400]. Compensation must conform with the restrictions in Article 13
of the Act concerning agreements to locate property of apparent owners held by
the administrator.
Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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