Pennsylvania SB1201 amends the Fiscal Code to enhance regulations on abandoned and unclaimed property.

Pennsylvania SB1201 amends the Fiscal Code to revise the process for finding and claiming abandoned and unclaimed property. The bill requires applicants for a certificate of finder registration to submit a written application with personal information, a recent photograph, and a completed Federal criminal history background check. It mandates that the State Treasurer reject applications from those with a history of relevant offenses. The bill also increases penalties for violations related to abandoned and unclaimed property, including fines and potential felony charges for repeat offenses.

Pennsylvania SB1201 amends the Fiscal Code to enhance regulations on abandoned and unclaimed property.

Pennsylvania SB1201 amends the Fiscal Code to revise the process for finding and claiming abandoned and unclaimed property. The bill requires applicants for a certificate of finder registration to submit a written application with personal information, a recent photograph, and a completed Federal criminal history background check. It mandates that the State Treasurer reject applications from those with a history of relevant offenses. The bill also increases penalties for violations related to abandoned and unclaimed property, including fines and potential felony charges for repeat offenses.