Kentucky Administrative Regulations
Title 20 - DEPARTMENT OF TREASURY
Chapter 1 - State Treasury
Section 20 KAR 1:070 - Unclaimed property; administrative hearing, appeals process
Current through Register Vol. 50, No. 9, March 1, 2024
RELATES TO: KRS Chapter 13B, 393.010, 393.160
NECESSITY, FUNCTION, AND CONFORMITY: KRS 393.280(4) authorizes the State Treasurer to promulgate administrative regulations necessary to implement KRS Chapter 393. This administrative regulation establishes the appeals and administrative hearings process when a decision regarding unclaimed property adversely affects a person.
Section 1. A person adversely affected by a decision of a holder of unclaimed property regarding that property may request the department to review the holder's decision and make a determination regarding the claim.
Section 2. A claimant of unclaimed property whose claim is denied by the department may appeal the denial and request in writing an administrative hearing within thirty (30) days of the denial.
STATUTORY AUTHORITY: KRS 393.280(4)