Contents of notice by holder

765 ILCS 1026/15-502, under Notice to Apparent Owner of Property Presumed Abandoned.

765 ILCS 1026/15-502

(765 ILCS 1026/15-502)

    Sec. 15-502. Contents of notice by holder.     (a) Notice under Section 15-501 must contain a heading that reads substantially as follows: "Notice. The State of Illinois requires us to notify you that your property may be transferred to the custody of the State Treasurer if you do not contact us before (insert date that is 30 days after the date of this notice).".     (b) The notice under Section 15-501 must:         (1) identify the nature and, except for property that     does not have a fixed value, the value of the property that is the subject of the notice;        (2) state that the property will be turned over to     the State Treasurer;        (3) state that after the property is turned over to     the State Treasurer an apparent owner that seeks return of the property may file a claim with the State Treasurer;        (4) state that property that is not legal tender of     the United States may be sold by the State Treasurer;        (5) provide instructions that the apparent owner must     follow to prevent the holder from reporting and paying or delivering the property to the State Treasurer; and        (6) provide the name, address, and e-mail address or     telephone number to contact the holder.    (c) The holder may supplement the required information by listing a website where apparent owners may obtain more information about how to prevent the holder from reporting and paying or delivering the property to the State Treasurer.

(Source: P.A. 100-22, eff. 1-1-18; 100-566, eff. 1-1-18.)