Choice Plus, LLC presented their understanding of the law to the Florida 1st District Court. The court agreed with Choice Plus, LLC and stated that the law in question is, in fact, a mandatory requirement.
Jacksonville, FL (PRWEB) December 18, 2014
Choice Plus, LLC is committed to defending the property rights of unclaimed property owners by taking legal action to ensure that state unclaimed property administrators comply with the law,” Randy Hotz, president of Choice Plus, LLC, explains in a recently released article.
“As a result,” Mr. Hotz continues, “This can translate into legal conflicts with various state agencies or departments in charge of administering unclaimed property claims.”
Choice Plus, LLC recently filed a legal action with the 1st District Court of Florida (Case No. 1D14-0124) for a ruling regarding the legal interpretation of a law that requires the Florida Department of Financial Services, Bureau of Unclaimed Property (“Department”) to make claim determinations within a specific length of time.
According to Mr. Hotz, unclaimed property claims were not being determined by the Department when required, leaving owners without their property longer than the legislature intended. The Department claimed that the law in question was suggestive and did not mandate the Department to abide by the specific deadlines.
Choice Plus, LLC presented their understanding of the law to the Florida 1st District Court. The court agreed with Choice Plus, LLC and stated that the law in question is, in fact, a mandatory requirement. The Department is not allowed to extend the timeframe set by the statute.
According to the court decision, “While the Department certainly has the discretion to deny a claim if warranted, the legislature has clearly provided timeframes under which the Department is to act.”
Choice Plus, LLC continues to advocate for the rights of citizens across the nation to ensure that their unclaimed property claims receive proper legal treatment. A recently released infographic explains the work Choice Plus, LLC has been involved in with the Uniform Law Commission to expand public access to unclaimed property account information and persuade states to increase owners’ access to private reclamation companies so that more unclaimed property can be returned to owners.
For more information about this important topic, please visit the Choice Plus, LLC website: http://www.cpllc.com
About Choice Plus:
Choice Plus is a reclamation agency that provides professional and financial assistance to individuals who are entitled to received unclaimed money or property. They specialize in the administrative and judicial proceedings that are required to secure release of assets to their rightful owners. Individuals entitled to these assets can partner with Choice Plus to eliminate the work and uncertainty associated with the process and utilize their professional, experienced, and tenacious assistance. To learn more about their services, visit their website.