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Can you summarize Tex. Prop. Title 6?
Property Code > UNCLAIMED PROPERTY
Short Summary
The provided legal document content pertains to the reporting, delivery, and claims process for unclaimed restitution payments in Texas. It specifies that holders of unclaimed restitution payments that are presumed abandoned must file a property report with the comptroller by July 1st if they hold such payments on March 1st. The report must include various information about the victim and the restitution payment. Holders are required to file a report each successive year if they continue to hold unclaimed restitution payments. The document also governs the delivery of unclaimed restitution payments to the comptroller, relieving the holder of liability once the payment is delivered. The document further outlines the process for filing a claim for an unclaimed restitution payment with the comptroller, specifying the procedures, information requirements, and prescribed forms. The comptroller is responsible for reviewing the validity of each claim and approving valid claims for payment. The document also addresses the maintenance of a record of unclaimed restitution payments and the depositing of these payments into the compensation to victims of crime auxiliary fund. The income or interest derived from these payments remains in the fund and can only be used to pay claims as provided by the chapter. The document also covers the enforcement of the Texas Statutes regarding unclaimed property and the examination of books and records of holders of unclaimed property by the comptroller, attorney general, or authorized agents. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Holders of unclaimed restitution payments
What does it govern?
Reporting, delivery, and claims process for unclaimed restitution payments in Texas
What are exemptions?
No specific exemptions are mentioned in these documents
What are the Penalties?
No specific penalties are mentioned in these documents
Jurisdiction
Texas