Ill. Admin. Code tit. 74 § 760.400

Current through Register Vol. 48, No. 50, December 13, 2024

Section 760.400 - Holder Reporting Required

a) A holder of property presumed abandoned shall report to the administrator via the internet in a format approved by the administrator, unless granted written permission by the administrator to file a paper report.

b) A holder may contract with a third party to make the report required, but remains responsible to the administrator for the complete, accurate, and timely reporting of property presumed abandoned and for paying or delivering to the administrator property described in the report. Any reports filed by a third party must provide the holder's contact name, email address, mailing address, and phone number.

c) The administrator will accept a report filed in the current National Association of Unclaimed Property Administrators (NAUPA) standard format found on the administrator's website: icash.illinoistreasurer.gov.

d)A business association who has no reportable property shall so report to the administrator on forms via the Internet in a format approved by the administrator if the business association has:

1)annual sales of more than $1,000,000;

2)securities that are publicly traded;

3)a net worth of more than $10,000,000; or

4)more than 100 employees. [765 ILCS 1026/15-401(d) ]

Ill. Admin. Code tit. 74, § 760.400

Adopted at 43 Ill. Reg. 4253, effective 3/25/2019.

Amended at 46 Ill. Reg. 16898, effective 9/26/2022

Amended at 48 Ill. Reg. 14162, effective 9/10/2024