The bill amends the Uniform Disposition of Unclaimed Property Act by updating the procedures for notifying owners of abandoned property and accessing related records. Specifically, it requires the State Treasurer to publish an annual notice in a legal newspaper in each county where the last-known address of the property owner is located, rather than just between March 1 and March 10. The notice will include the names and last-known addresses of individuals entitled to the property, and the State Treasurer is mandated to mail notices to those with property valued at fifty dollars or more. Additionally, the bill clarifies that the State Treasurer is not obligated to publish items worth less than fifty dollars unless deemed in the public interest.

Furthermore, the bill introduces new provisions regarding the confidentiality of records related to unclaimed property. It specifies that commercial or professional locators cannot charge a finder's fee until twenty-four months after the names have been published, and it limits the finder's fee to ten percent of the property value. The bill also emphasizes that certain personal information, such as social security numbers and dates of birth, will be treated as confidential, akin to tax return information. The original sections of the law being amended are repealed, streamlining the legal framework surrounding unclaimed property in Nebraska.

Statutes affected:
Introduced: 69-1311, 69-1317
Final Reading: 69-1311, 69-1317
Slip Law: 69-1311, 69-1317