(Rules filed with SOS and Legislative Counsel, effective date February 1, 2014)
The revised rules repeal all references to institutional escheat property which was no longer reportable to the Department when ORS 179.540 was repealed in 1997, and all such property currently being held has been held for more than 10 years and is no longer available for claim. Other sections of the rules are revised to reflect the current statutory authority and/or remove authority that has been repealed. The revised rules clarify the types of abandoned tangible personal property that are not considered reportable as unclaimed. The revisions provide specific exclusions for willful abandonment of things such as automobiles, furniture, household goods, used clothing, and hazardous materials. The agency and its stakeholders have been able to achieve efficiencies in administration of and compliance with program requirements by advances in technology. The rules have been revised to reflect the increased use of technology and electronic reporting and record keeping. The Division 35 rules were last revised in December 2003. The majority of the revisions are intended to provide clarity and improve the readability of the rules.
RULEMAKING HEARING: A rulemaking hearing was held Wednesday, December 18, 2013 at 3:00 PM, Department of State Lands, Land Board Room, 775 Summer Street NE, Salem 97301.
For additional information regarding Estates and Unclaimed Property rulemaking, please contact:
Oregon Department of State Lands
775 Summer Street N.E., Suite 100
Salem, Oregon 97301