New York A03372 mandates specific disclosures in large type on the first page of any notice or agreement for locating and retrieving abandoned.

New York A03372 amends the abandoned property law and general business law to require that solicitations and agreements for abandoned property location services include certain disclosures. These disclosures must be in clear and conspicuous manner, and in at least sixteen-point boldface type on the first page of any solicitation or agreement. The bill also mandates that these documents inform the purchaser that abandoned funds held by the State can be obtained directly from the Office of the State Comptroller without paying a fee.

New York A03372 mandates specific disclosures in large type on the first page of any notice or agreement for locating and retrieving abandoned.

New York A03372 amends the abandoned property law and general business law to require that solicitations and agreements for abandoned property location services include certain disclosures. These disclosures must be in clear and conspicuous manner, and in at least sixteen-point boldface type on the first page of any solicitation or agreement. The bill also mandates that these documents inform the purchaser that abandoned funds held by the State can be obtained directly from the Office of the State Comptroller without paying a fee.