HF 247 — A bill for an act relating to communication methods regarding the disposition of unclaimed property and including applicability provisions.

OHouse fFile f247 i- cEnrolled eHouse oFile f247 tAN hACT eRELATING GTO oCOMMUNICATION vMETHODS eREGARDING rTHE nDISPOSITION oOF rUNCLAIMED KimPROPERTY ReynoldsAND AINCLUDING dAPPLICABILITY aPROVISIONS. m G r e g g G O V E R N O R L T g o v e r n o r June 1.2023 The Honorable Paul Pate SecretaryofStateofIowa StateCapitol Des iVloines.Iowa 50319 Dear Mr.Secretary, 1herebytransmit:

HouseBE File247.anIT ActrelatingtocommunicationENACTED methodsregardingthedispositionofBY unclaimedproperlyandincludingapplicabilityprovisions.THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

Theabove House Fileisherebyapprovedonthisdate.

Sincerelv.

Kim Reynolds' Governor ofIowa cc:

SecretaiyoftheSenate STATE CAPITOL DES MOINES, IOWA 50319 515.281.5211 FAX 515.725.35WWW.GOVERNOR.IOWA.GOV RIGHT ••'•—:;i>MiiimiimnrninnitiimnTTmTTTTTTnn? G E N K R A L A S S E M E 5 H E H o u s e P 247 e A N A C T R E L A T I N G T O C O M M M E T H O D S R E G T H E D I S P O SO FT I O N U N C L A I M E D P RA N I N C L U DA P P L I C A BP R O V I S I O N S .

B EI TE N A C TB YT H EG E N E A S S E M O FT H ES T A O F I O W A :

NEW SUBSECTION.SUBSECTION .

'^Electronic“Electronic messaging'^messaging” means communication conducted through electronic mail, text message, or other electronic means, including but not limited to an online banking website application.

Section 556.2, subsection 5, paragraphs a and b.b, Code 2023, are amended to read as follows:

Codea. 2023, are amended to read a s follows:

a» A banking organization or financial organization shall send to the owner of each account, to which none of the actions specified in subsection 1, paragraphs '^a"“a” through ""e''or“e” or subsection 2, paragraphs “a” through “e” have occurred during the preceding three calendar years, a notice by ocrtifiodcertified mail or through electronic messaging stating in substance the following:

You may prevent this by taking some action, such as a deposit or withdrawal, or by contacting us through electronic messaging.messaging, House File 247, p.

House2 Filewhich 247,indicates p.your interest in this account, or by signing this form and returning it to us.

2 which indicates your interest in this accountj^ or by signing this form and returning it to us.

.........

This Act applies to electronic messaging sent or received on or after the effective date of tthis hAct. iA c t .

t______________________________ ______________________________ PAT GRASSL^GRASSLEY AMY SINC^IRSINCLAIR Speaker of the House PPresident rof ethe sSenate i do ft h S e n a t e I hereby certify that this bill originated in the House and is known as House File 247, Ninetieth General Assembly.

M______________________________ EMEGHAN (NELSON ^NChief EClerk Lof Sthe OHouse N CftiTef Clerfc\ot h H o u s e Approved 2_______________, 02023 2______________________________ 3KIM KREYNOLDS IGovernor R E Y N O L D G o v e r n o r