Delaware General Assembly

Lieu/Substituted 6/6/24

Adopted in Lieu of original; takes status of original

SS 1 for SB 266

4/11/24

Mantzavinos

Rep. Bush

Sen. Walsh

AN ACT TO AMEND TITLE 6 AND TITLE 12 OF THE DELAWARE CODE RELATING TO UNCLAIMED PROPERTY.

This Act removes the ability for persons to bring an action under the Delaware False Claims and Reporting Act (DFCRA) for failures to comply with reporting requirements of the Delaware Unclaimed Property Law (UPL). It leaves untouched the ability of the government (through the Attorney General) to bring such an action after a 90-day period during which the State Escheator may initiate an examination, against a holder who is not otherwise engaged in a voluntary disclosure agreement or under examination, compliance review, or verified report review. The Act also defines what payment a whistleblower may receive, in the event the whistleblower provides information concerning the failure of a holder to comply with the UPL’s reporting requirements and the State receives a payment as a result.

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Takes effect upon being signed into law

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