SB 1201 Pennsylvania Senate · 2025-2026 Regular Session

An Act amending the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, in disposition of abandoned and unclaimed property, further providing for report of property subject to custody and control of the Commonwealth under this article, for certificate of finder registration, for notice and publication of lists of property subject to custody and control of the Commonwealth under this article and for penalties.

This bill amends Pennsylvania's Fiscal Code to update rules for handling abandoned and unclaimed property. It directly affects individuals and businesses that help locate or recover such property for a fee (referred to as "finders"). Key changes require finder agreements with property owners to be in writing, disclose fees (capped at 10% of the property value), and include details about the property and the finder's registration. Additionally, it mandates new background checks and photo requirements for applicants seeking a "finder registration certificate," excluding those with recent convictions for theft, fraud, or related offenses. These provisions aim to increase transparency and prevent exploitation in the unclaimed property recovery process.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 27, 2026 Last action Feb 27, 2026