N.J. Admin. Code § 17:18-1.9

Current through Register Vol. 57, No. 1, January 6, 2025

Section 17:18-1.9 - Notice requirement

(a) The holder shall give written notice to the apparent owner by certified mail with return receipt requested not more than 120 days nor less than 60 days before the report is filed, pursuant to N.J.S.A. 46:30B-50, informing the apparent owner that the holder is in possession of property presumed abandoned if:

1. All holders of safe deposits and other repositories are required to cross-reference all open accounts for a current address. The most current address must be used for certified mailings;

2. The holder has in its records an address for the apparent owner which the holder's records do not disclose to be inaccurate;

3. The claim of the apparent owner is not barred by the statute of limitations; and

4. The property has a value of $ 50.00 or more.

N.J. Admin. Code § 17:18-1.9

Amended 46 N.J.R. 1713(a), effective 7/21/2014.