Ill. Admin. Code tit. 74 § 760.930

Current through Register Vol. 48, No. 24, June 14, 2024

Section 760.930 - Determination of Liability

a)If the administrator determines from an examination conducted under Section 15-1002 of the Act that a putative holder failed or refused to pay or deliver to the administrator property that is reportable under the Act, the administrator shall issue a determination of the putative holder's liability to pay or deliver and give notice in a record to the putative holder of the determination. [ 765 ILCS 1026/15-1011 ]

b) The administrator may give notice of any interest and civil penalties at the same time that notice of a determination of liability is given.

Ill. Admin. Code tit. 74, § 760.930

Adopted at 43 Ill. Reg. 4253, effective 3/25/2019.