Leawood, Kan. – March 24, 2023: Earlier this month, the Connecticut Joint Committee on Banking held a public hearing regarding Senate Bill 1018 (SB 1018). The bill would increase the cash redemption amount from less to $3 to less than $5 and delete the requirement...
Leawood, Kan. – March 24, 2023: Last month, Illinois House Bill 3785 (HB 3785) was introduced before the Illinois House of Representatives. The bill would amend the consumer protection act to require that sellers of gift certificates “return the remaining balance on...
Leawood, Kan. – March 3, 2023: Last week, the Indiana Senate passed Senate Bill 183 (“SB 183”). SB 183 would amend the Indiana Unclaimed Property Act to create a specific Gift Card exemption from escheat. As you may recall, Indiana adopted its version of the Revised...
Leawood, Kan. – February 24, 2023: Last week, the New Mexico House of Representatives passed House Bill 165 (“HB 165”). HB 165 would enact New Mexico’s version of the Revised Uniform Unclaimed Property Act. If enacted in its current form, HB 165 would become effective...
Leawood, Kan. – February 17, 2023: The New York Legislature is currently considering in Senate Bill 1329 and Assembly Bill 1009 (together, the “Twin Bills”) amendments to § 396-I § 2-b of the New York Consumer Protection Act to require the Department of State to...
Leawood, Kan. – January 6, 2023: Last month, Representative Bertoglio introduced House Bill 136 (HB 136) that would enact Montana’s version of the Revised Uniform Unclaimed Property Act. If enacted in its current form, HB 136 would become effective on July 1, 2023....
