MA H35

Bill

Relative to enhancing consumer protection with respect to unclaimed property

Introduced
01/23/2017

In Committee
04/10/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

So much of the recommendations of the Department of the State Treasurer (House, No. 23) as relates to enhancing consumer protection with respect to unclaimed property. The Judiciary.

AI Summary

This bill aims to enhance consumer protection with respect to unclaimed property. The key provisions include: 1. Agreements between owners and third-parties to locate, recover, or assist in recovering unclaimed property must be in writing, clearly identify the services and fees (not exceeding 10% of the property value), and be signed by the owner with a notarized signature. 2. Such agreements are void and unenforceable if entered into within 24 months of the property being paid or delivered to the state Treasurer. 3. Individuals or businesses that enter into these agreements or request owner information from the Treasurer for the purpose of recovering property must register annually with the unclaimed property division, provide certain information, and pay a $100 registration fee. 4. The bill excludes property subject to section 32 of chapter 29 of the General Laws from these requirements.

Committee Categories

Business and Industry, Justice

Sponsors (0)

No sponsors listed

Last Action

Accompanied a study order, see H4785 (on 07/19/2018)

Official Document

https://malegislature.gov/Bills/190/H35

(9 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H35
Bill	https://malegislature.gov/Bills/190/H35.pdf

Bill	Bill Name	Last Action	Type
H1728	Relating to consumer protections in the sale and usage of propane gas	Accompanied a study order, see H4651	Similar To
H185	Providing security to consumers for purchases from certain vendors	Accompanied a study order, see H4638	Similar To
H4785	Financial services	Discharged to the committee on House Rules	Replaced by
H503	Relative to providing consumer protection in the licensing of appraisers	Accompanied a study order, see H4778	Similar To
H556	Providing additional consumer protections in the repair of damaged motor vehicles	Accompanied a study order, see H4778	Similar To
S104	Providing consumers with equal protection for all real estate appraisals	New draft substituted, see S2246	Similar To
S115	Protecting consumers in the issuance of sports and entertainment tickets	No further action taken	Similar To
S2336	Protecting consumers by prohibiting blocking, throttling, or paid prioritization in the provision of internet service	New draft substituted, see S2610	Similar To
S2357	Relative to unsolicited loans	No further action taken	Similar To

Bill > H35

MA H35

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (0)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary