Texas Senate Bill SB1711

Texas 2017 - 85th Regular

Caption

Relating to the claim process for unclaimed property.

Impact

The changes introduced by SB1711 are significant as they enhance the transparency and accountability of the process managed by the state comptroller. As claimants are informed about the appeal process, they will have clearer guidelines to navigate their rights when their claims are denied. The legal framework will allow for a more structured approach to reviewing denials and will provide an avenue for aggrieved parties to contest decisions made regarding unclaimed property claims within specified time limits.

Summary

Senate Bill 1711 focuses on the claim process for unclaimed property, amending various sections of the Texas Property Code to establish clearer procedures and requirements for claim denials. The bill aims to streamline the handling of claims by ensuring that individuals whose claims are denied receive prompt and formal notice along with their rights to appeal. Under the proposed amendments, details are provided on how individuals can contest the denial, including timeframes for appeals and the conditions under which hearings may be requested.

Contention

While the bill aims to improve the claim process, potential points of contention could arise regarding the administrative burden this might place on the comptroller's office to handle increased hearings and the reviews necessitated by these amendments. Critics may argue that while the bill offers more rights to claimants, it could lead to increased workloads without sufficient resources to address the heightened demands. Additionally, the bill states that the changes will only affect claims filed after the effective date, which could lead to disparities between new and previously filed claims under the old system.