To require financial institutions to deposit the principal amount of any unclaimed deposit held by such institutions into interest or dividend-bearing accounts, and for other purposes.
United States115th CongressHR-5692House of Representatives
Updated: May 7, 2018
Summary
Promoting Access to Justice through Unclaimed Deposits Act of 2018 This bill requires financial institutions to deposit unclaimed funds into an interest- or dividend-bearing account. The interest or dividend generated from such a deposit must be transferred to an appropriate state account that also holds the interest generated from lawyer trust accounts.
Bill texts
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Timeline
Referred to the House Committee on Financial Services.
House of Representatives
Introduced in House
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