Section 765 ILCS 1026/15-404 - Retention of records by holderA holder required to file a report under Section 15-401 shall retain records for 10 years after the later of the date the report was filed or the last date a timely report was due to be filed, unless a shorter period is provided by rule of the administrator. The holder may satisfy the requirement to retain records under this Section through an agent. The records must contain:
(1) the information required to be included in the report;(2) the date, place, and nature of the circumstances that gave rise to the property right;(3) the amount or value of the property;(4) the last address of the apparent owner, if known to the holder;(5) sufficient records of items which were not reported as unclaimed, to allow examination to determine whether the holder has complied with the Act; and(6) if the holder sells, issues, or provides to others for sale or issue in this State traveler's checks, money orders, or similar instruments, other than third-party bank checks, on which the holder is directly liable, a record of the instruments while they remain outstanding indicating the state and date of issue.Added by P.A. 100-0022,§ 15-404, eff. 1/1/2018.