As used in this rule chapter.
(1) The definitions provided in section
717.101, F.S., shall also apply
to this rule chapter.
(2) "Service
charge" and "maintenance charge" means all documented charges that are incurred
by a banking or financial organization with regard to the handling of an
account.
(3) "Presumed Unclaimed"
means the apparent owner has not indicated an interest in the property for the
applicable prescribed period. The interest should be evidenced by communication
by the owner with a record of same on file.
(4) "Safekeeping Repository" means safe
deposit boxes held in banks and financial institutions.
(5) "Owner of a Cashiers' Check" is the named
payee of the cashiers' check unless the remitter has a release of ownership
from the payee.
(6) "Inactive
status" means the holder is not required to file a report of unclaimed property
with the Department on an annual basis.
(7) "Report of unclaimed property" means a
report that complies with all the requirements of sections
717.101 through
717.117 and
717.119, F.S., created in
accordance with the Department's prescribed format and filed through the
Department's Holder Reporting Online System.
(8) "Zero report" means a report of unclaimed
property that has a zero value due to the reporting entity having no unclaimed
property for the reporting period.
(9) "Claimant's Representative" means a
Florida attorney-at-law, Florida-certified public accountant, or private
investigator who is duly licensed to do business in Florida, registered with
the Department, and authorized by the claimant to claim unclaimed property on
the claimant's behalf.
(10) "Entity
Representative" means one who is legally authorized to represent a claimant
that is not a natural person. As used in this definition, the phrase "entity
representative" does not include a Claimant's Representative.
(11) "Approximate value" or "approximate
dollar value," for purposes of sections
717.135 and
717.1351, F.S., means within 15%
of the actual value.
(12)
"Electronic medium," for purposes of subsection
717.117(1),
F.S., means the Holder Reporting Online System, which is a report filing portal
available on the Division of Unclaimed Property's website.
(13) "Auction fees, preparation costs, and
expenses," for purposes of subsection
717.122(1),
F.S., means appraiser and contractor fees, catalogue fees, and travel
expenses.
(14) "Claimant" means any
person, as defined by subsection
1.01(3), F.S.,
excluding another state, asserting an interest in any portion of any property
paid or delivered to the Department on whose behalf a claim is filed.
(15) "Electronic" means relating to
technology having electrical, digital, magnetic, wireless, optical,
electromagnetic, or similar capabilities.
(16) "Electronic record" means a record
created, generated, sent, communicated, received, or stored by electronic
means.
(17) "Electronic signature"
means an electronic sound, symbol, or process attached to or logically
associated with a record and executed or adopted by a person with the intent to
sign the record.
(18) "Record"
means information that is inscribed on a tangible medium or that is stored in
an electronic or other medium and is retrievable in perceivable form, including
public records as defined in section
119.011,
F.S.
