Unclaimed property.

In Section 1515(c)(1), 'if he or she were living' was changed to 'if they were living,' a gender-neutral language correction.

In Sections 1513.5(e) and 1514(i), 'his or her property' was changed to 'his or her their property,' which appears to be an error in attempting gender-neutral language (should likely read just 'their').

In Section 1513(a)(5)(E), '25 cents' was changed to 'twenty-five cents,' a stylistic spelling correction.

In Section 1513(c)(2), 'owner' was duplicated to 'owner owner,' which appears to be a typographical error introduced in this version.

In the bill summary, 'seven years' became 'seven 7 years,' another apparent typographical error.

Page numbers were renumbered from 97 to 96 throughout the document, and the vote/appropriation/fiscal committee lines were relocated from before the bill text to after page 2.

The bill's scope expanded from amending only Section 1510 (a technical change) to amending Sections 1513, 1513.5, 1514, 1515, 1515.5, 1516, 1516.5, 1518, 1518.5, 1519, 1519.5, 1520, 1521, 1540, and 1563 of the Code of Civil Procedure.

The escheatment period for bank deposits, savings accounts, and similar financial instruments is increased from 3 years to 7 years of inactivity before property transfers to the state.

Safe deposit box contents escheat after 7 years (previously 3) from expiration of the lease or rental period.

Life insurance proceeds that are matured or terminated now escheat after 7 years (previously 3) of being unclaimed and unpaid.

Dividends, profits, distributions, and other sums owed to shareholders or security holders now escheat after 7 years (previously 3).

Intangible interests in business associations (stock, membership) now escheat after 7 years (previously 3) of the owner not claiming a dividend or corresponding with the association.

Digital financial assets now escheat after 7 years (previously 3) from undelivered communication or last act of ownership interest.

Property held in fiduciary capacity now escheats after 7 years (previously 3) after becoming payable or distributable.

Unclaimed wages and salaries now escheat after 7 years (previously 1 year) after becoming payable.

Demutualization property: the period for undeliverable instruments increases from 2 to 7 years, and for delivered but unclaimed instruments from 3 to 7 years.

The Controller is required to maintain escheated property in the form in which it was escheated rather than liquidating it into cash.

Notice requirements for banking and financial organizations are updated throughout to reflect the new 7-year inactivity periods, with notices required between 6 and 12 months before property becomes reportable.

Owners of escheated property are entitled to interest on their property starting from the date they file a claim and continuing until the property is returned to them.

Money order service charge rules are added: charges must be uniformly applied, clearly disclosed, begin no earlier than 3 years after purchase, stop accruing after escheat, be permitted by contract, and not exceed 25 cents per month or $21 aggregate.

Fiscal committee review changed from 'no' to 'yes,' indicating the amendment creates fiscal impact requiring committee review.

Escheatment period for banking deposits increased from three years to seven years of inactivity.

Escheatment period for financial organization deposits increased from three years to seven years.

Escheatment period for written instruments (drafts, cashier's checks, teller's checks, certified checks) increased from three years to seven years.

Escheatment period for retirement account funds increased from three years to seven years after becoming payable or distributable.

Escheatment period for unclaimed wages and salaries increased from one year to seven years.

Escheatment period for safe deposit box contents increased from three years to seven years after lease expiration or agreement termination.

Escheatment period for life insurance proceeds increased from three years to seven years after funds became due and payable.

Owner notice timing changed from not less than two years nor more than two and one-half years after last activity to not less than six years nor more than six and one-half years after last activity.

Section 1517 of the Code of Civil Procedure added to the list of sections being amended.

Section 1510 removed from the list of sections being amended.

Fiscal committee review changed from 'no' to 'yes,' indicating the bill now requires fiscal impact analysis.