Today's Law As Amended


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AB-2198 Unclaimed property: secure payment of claims.(2019-2020)



As Amends the Law Today


SECTION 1.

 Section 1543 is added to the Code of Civil Procedure, to read:

1543.
 Notwithstanding Section 1540, the Controller may do any of the following to streamline the secure payment of claims:
(a) Minimize the number of documents a claimant is required to submit for property under five thousand dollars ($5,000).
(b) Allow electronic submission of documentation to the Controller’s internet website for any claim deemed appropriate by the Controller.
(c) Authorize the direct deposit by electronic fund transfer for the payment of an approved claim.