§ 14-5-501 — NOTICE TO APPARENT OWNER BY HOLDER

(1) Subject to the provisions of subsections (2) and (3) of this section, the holder of property presumed abandoned shall send to the apparent owner notice by first class United States mail that complies with section 14-5-502, Idaho Code, no more than one hundred eighty (180) days and no less than sixty (60) days before filing the report required by section 14-5-401, Idaho Code, if the holder has in its records an address for the apparent owner that the holder’s records do not disclose to be invalid and is sufficient to direct the delivery of first class United States mail to the apparent owner and the value of the property is fifty dollars ($50.00) or more.
(2) If an apparent owner has consented to receive electronic mail delivery from the holder, the holder shall send the notice described in subsection (1) of this section both by first class United States mail to the apparent owner’s last known mailing address and by electronic mail, unless the holder believes that the apparent owner’s electronic mail address is invalid.
(3) Prior to providing the notice to the apparent owner as provided in subsections (1) and (2) of this section, a holder may first attempt to provide notice to the owner through a digital or electronic address provided to the holder by the owner. If the owner fails to affirmatively confirm receipt of the notice or otherwise provide an indication of interest in the subject property, the holder shall then attempt to reach the owner as provided for in subsections (1) and (2) of this section.

Legislative History

[14-5-501, added 2024, ch. 27, sec. 2, p. 197.]