H0989: Chief Financial Officer

Legislative Summary

Creates Federal Tax Liaison position within DFS; provides that, upon diagnosis of cancer, firefighters are entitled to certain benefits; provides additional grounds for qualified public depositories to be suspended & disqualified; provides reimbursement schedule requirements for emergency services & care under workers' compensation; provides qualification for all-lines adjuster licenses; authorizes OFR to receive complaints from customer or member who reasonably believes that financial institution has acted in bad faith in taking action restricting access to such customer's or member's account; provides circumstances under which property is presumed unclaimed; provides circumstances under which virtual currency held or owing by banking organizations are not presumed unclaimed; revises date on which stocks & other equity interests in business associations are presumed unclaimed; provides that certain intangible property held by attorneys in fact & by agents in fiduciary capacity are presumed unclaimed; provides that state assumes custody & responsibility for safekeeping of unclaimed property upon good faith payments or deliveries of property to department.