SB370,37,14 12177.0406 Negative reporting. (1) The administrator may require any
13person or persons to file a report as otherwise prescribed in this section, except that
14the administrator may specify a deadline after the deadline specified in s. 177.0403.

SB370,37,17 15(2) The administrator may require any person to file a report even if the person
16believes the person is not in possession of any property reportable or deliverable
17under this chapter.

SB370,82 19Section 82 . Subchapter V (title) of chapter 177 [precedes 177.0501] of the
20statutes is created to read:

1177.0501 Notice to apparent owner by holder. (1) Subject to sub. (2), the
2holder of property presumed abandoned shall send to the apparent owner notice by
31st class mail that complies with s. 177.0502, in a format acceptable to the
4administrator, not more than 120 days nor less than 60 days before filing the report
5under s. 177.0401, if all of the following apply:

SB370,38,86 (a) The holder has in the holder's records an address for the apparent owner
7that the records do not indicate to be invalid and that is sufficient to direct the
8delivery of 1st class mail to the apparent owner.

SB370,38,99 (b) The value of the property is $50 or more.

SB370,38,13 10(2) If an apparent owner has consented to receive e-mail delivery from the
11holder, the holder shall send the notice described in sub. (1) both by 1st class mail to
12the apparent owner's last-known mailing address and by e-mail, unless the holder
13believes that the apparent owner's e-mail address is invalid.

SB370,38,19 15177.0502 Contents of notice by holder. (1) Notice under s. 177.0501 shall
16contain a heading that reads substantially as follows: “Notice. The State of
17Wisconsin requires us to notify you that your property may be transferred to the
18custody of the state's unclaimed property administrator if you do not contact us
19before (the date that is 30 days after the date of the notice).”

SB370,38,20 20(2) The notice under s. 177.0501 shall do all of the following:

SB370,38,2221 (a) Identify the nature and, except for property that does not have a fixed value,
22the value of the property that is the subject of the notice.

SB370,38,2323 (b) State that the property will be turned over to the administrator.

SB370,38,2524 (c) State that after the property is turned over to the administrator an apparent
25owner that seeks return of the property shall file a claim with the administrator.

SB370,39,1

1(d) State that property may be sold by the administrator.

SB370,39,32 (e) Provide instructions that the apparent owner shall follow to prevent the
3holder from reporting and paying or delivering the property to the administrator.

SB370,39,55 177.0503 (1b) A notice under sub. (1) shall contain all of the following:

SB370,39,86 (a) The names in alphabetical order and the last-known addresses, if any, of
7persons listed in the report and entitled to notice within the county, as specified in
8sub. (1).

SB370,39,119 (b) A statement that information concerning the property and the name and
10last-known address of the holder may be obtained by any person possessing an
11interest in the property by addressing an inquiry to the administrator.

SB370,39,1513 177.0503 (1d) The administrator is not required to publish notice of any item
14with a value of less than $50 unless the administrator determines the publication to
15be in the public interest.

SB370,39,1917 177.0503 (2n) (a) The administrator may publish, on behalf of the department
18of children and families, the name and address of an apparent owner of uncashed
19child support payments.