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House committee advances bill to raise unclaimed-property payout threshold to $20,000
Summary
The House Judiciary Committee advanced House Bill 1176, which raises the unclaimed property eligibility threshold from $11,000 to $20,000; the measure was reported out of committee with unanimous support and takes effect in 180 days.
House Judiciary Committee members advanced House Bill 1176, a measure to increase the dollar threshold at which owners can claim unclaimed property from $11,000 to $20,000.
Representative Cerisi, the bill sponsor, told the committee the change is intended to make it easier for families to recover money. "This bill is a simple bill. We're looking to…
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