Idaho State Statutes - Idaho Attorney Directory

(1) A person, excluding
another state, claiming an interest in any property paid or delivered to the
administrator, may file a claim on a form prescribed by the administrator and
verified by the claimant.
(2) The administrator shall consider each claim within ninety (90) days
after it is filed and give written notice to the claimant if the claim is
denied in whole or in part. The ninety (90) day time period may be extended by
the claimant and the administrator upon their written agreement. The notice
may be given by mailing it to the last address, if any, stated in the claim as
the address to which notices are to be sent. If no address for notices is
stated in the claim, the notice may be mailed to the last address, if any, of
the claimant as stated in the claim. No notice of denial need be given if the
claim fails to state either the last address to which notices are to be sent
or the address of the claimant.
(3) If a claim is allowed, the administrator shall pay over or deliver to
the claimant the property or the amount the administrator actually received or
the net proceeds, if it has been sold by the administrator, together with any
additional amount required by section 14-521, Idaho Code. If the property
claimed was interest-bearing to the owner on the date of surrender by the
holder, the administrator also shall pay interest at a rate of five percent
(5%) a year or any lesser rate the property earned while in the possession of
the holder. Interest begins to accrue when the property is delivered to the
administrator and ceases on the earlier of the expiration of ten (10) years
after delivery or the date on which payment is made to the owner.
(4) Any holder who pays the owner for property that has been delivered to
the state and which, if claimed from the administrator, would be subject to
the provisions of subsection (3) of this section, shall add interest as
provided in subsection (3). The added interest must be repaid to the holder by
the administrator in the same manner as the principal.
(5) A person claiming an abandoned utility deposit under section
14-508(1), Idaho Code, who is entitled thereto under this section, which was
not deposited with the administrator under section 14-508(2), Idaho Code, may
file a claim on a form prescribed by the administrator and verified by the
claimant. The administrator will forward the claim to the utility company, who
shall remit such payment to the claimant upon receipt of the claim.

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