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Can you summarize OHRC Chapter 169?
State Government > Unclaimed Funds
Short Summary
The provided legal document content covers various aspects related to unclaimed funds in Ohio. It includes provisions for the recovery of unclaimed funds held by another state, reporting requirements for holders of unclaimed funds, creation and administration of the Unclaimed Funds Trust Fund, revocation or refusal to issue or renew a certificate of registration, presumption of abandonment for United States savings bonds, agreements to pay a fee for locating unclaimed funds, publication of notice of unclaimed funds, and attorney unclaimed funds. These documents apply to holders of unclaimed funds, persons engaged in locating unclaimed funds, persons applying for or renewing a certificate of registration, persons holding or owing United States savings bonds, persons entering into agreements to locate unclaimed funds, persons involved in the administration of unclaimed funds, and attorneys holding attorney unclaimed funds. No specific exemptions are mentioned in these documents. The penalties for non-compliance include civil penalties of up to $500 per violation, misdemeanor of the first degree or felony of the fifth degree for certain offenses, invalidation of agreements to locate unclaimed funds, revocation or refusal to issue or renew a certificate of registration, and fines of up to $500 for violations of specific sections of the Revised Code.
Whom does it apply to?
Holders of unclaimed funds, persons engaged in locating unclaimed funds, persons applying for or renewing a certificate of registration, persons holding or owing United States savings bonds, persons entering into agreements to locate unclaimed funds, persons involved in the administration of unclaimed funds, attorneys holding attorney unclaimed funds
What does it govern?
Recovery of unclaimed funds, reporting of unclaimed funds, creation and administration of the Unclaimed Funds Trust Fund, revocation or refusal to issue or renew a certificate of registration, presumption of abandonment for United States savings bonds, agreements to pay a fee for locating unclaimed funds, publication of notice of unclaimed funds, attorney unclaimed funds
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
Civil penalties of up to $500 per violation, misdemeanor of the first degree or felony of the fifth degree for certain offenses, invalidation of agreements to locate unclaimed funds, revocation or refusal to issue or renew a certificate of registration, fines of up to $500 for violations of specific sections of the Revised Code
Jurisdiction
Ohio