This bill amends the Uniform Disposition of Unclaimed Property Act in Nebraska, specifically focusing on the processes for notifying owners of abandoned property and managing unclaimed property records. Key changes include the requirement for the State Treasurer to publish notices of abandoned property annually in each county where the last-known address of the property owner is located, rather than just between March 1 and March 10. The published notice will now include a description of how to search for unclaimed property, replacing the previous requirement to list names and addresses of individuals entitled to the property. Additionally, the bill clarifies that the State Treasurer must mail notices to individuals entitled to property valued at fifty dollars or more within 120 days of receiving the report of abandoned property.

Furthermore, the bill introduces new provisions regarding the confidentiality of records related to unclaimed property, stating that certain personal information will be treated as confidential and not subject to public inspection. It also establishes that commercial or professional locators of abandoned property cannot charge a finder's fee until 24 months after the names have been published. The bill repeals the original sections of the law that are being amended, ensuring that the updated provisions are clearly defined and implemented.

Statutes affected:
Introduced: 69-1311, 69-1317