1     
NOTIFICATION AMENDMENTS

2     
2020 GENERAL SESSION

3     
STATE OF UTAH

4     
Chief Sponsor: Lawanna Shurtliff

5     
Senate Sponsor: ____________

6     

7     LONG TITLE
8     General Description:
9          This bill modifies provisions related to certain notices.
10     Highlighted Provisions:
11          This bill:
12          ▸     modifies the method by which an owner of a self-service storage facility sends
13     notice to an occupant before enforcing a lien against the occupant's property by
14     requiring the owner to deliver the notice:
15               •     by certified mail and by email; or
16               •     in person, with a signed document that acknowledges receipt;
17          ▸     requires certain notices under the Revised Uniform Unclaimed Property Act be
18     delivered:
19               •     by certified mail and by email; or
20               •     in person, with a signed document that acknowledges receipt; and
21          ▸     makes technical and conforming changes.
22     Money Appropriated in this Bill:
23          None
24     Other Special Clauses:
25          None
26     Utah Code Sections Affected:
27     AMENDS:
28          38-8-3, as last amended by Laws of Utah 2013, Chapter 163
29          67-4a-102, as last amended by Laws of Utah 2019, Chapter 78
30          67-4a-501, as last amended by Laws of Utah 2018, Chapter 281
31          67-4a-503, as last amended by Laws of Utah 2018, Chapter 459
32     

33     Be it enacted by the Legislature of the state of Utah:
34          Section 1. Section 38-8-3 is amended to read:
35          38-8-3. Enforcement of lien -- Notice requirements -- Sale procedure and effect.
36          (1) An owner may enforce a lien described in Section 38-8-2 against an occupant if:
37          (a) the occupant is in default for a continuous 30-day period; and
38          (b) the owner provides written notice of the owner's intent to enforce the lien, in
39     accordance with the requirements of this section, to:
40          (i) the occupant;
41          (ii) each lienholder disclosed by the occupant under Subsection 38-8-2(3)(b);
42          (iii) each person that has filed a valid financing statement with the Division of
43     Corporations and Commercial Code; and
44          (iv) each person identified as a lienholder in the records of the Motor Vehicle Division.
45          (2) (a) An owner shall provide the written notice described in Subsection (1)(b):
46          [(a)] (i) subject to Subsection (2)(b), in person; or
47          [(b)] (ii) (A) by certified mail, to the person's last known address; [or] and
48          [(c) subject to Subsection (3),] (B) by email, to the person's last know email address if
49     any.
50          (b) An owner who provides the written notice described in Subsection (1)(b) in person
51     shall obtain a certificate of receipt signed by the individual who received the written notice.
52          [(3) If an owner sends a notice described in Subsection (2) by email and does not
53     receive a response, return receipt, or delivery confirmation from the email address to which the
54     notice was sent within three business days after the day on which the notice was sent, the
55     owner shall deliver the notice in person or by certified mail to the person's last known address.]
56          [(4)] (3) A written notice described in Subsection (1)(b) shall include:
57          (a) an itemized statement of the owner's claim showing the sum due at the time of the
58     notice and the date when the sum became due;
59          (b) a brief description of the personal property subject to the lien that permits the
60     person to identify the property, unless the property is locked, fastened, sealed, tied, or
61     otherwise stored in a manner that prevents immediate identification of the property;
62          (c) if permitted by the terms of the rental agreement, a notice that the occupant may not
63     access the occupant's personal property until the occupant complies with the requirements
64     described in Subsection [(9)] (8);
65          (d) the name, street address, and telephone number of the owner or the individual the
66     occupant may contact to respond to the notification;
67          (e) a demand for payment within a specified time not less than 15 days after the day on
68     which the notice is delivered; and
69          (f) a conspicuous statement that, unless the claim is paid within the time stated in the
70     notice, the personal property will be advertised for sale and will be sold at a specified time and
71     place.
72          [(5)] (4) A notice under this section shall be presumed delivered when it is deposited
73     with the United States Postal Service and properly addressed with postage prepaid.
74          [(6)] (5) (a) After the expiration of the time given in the notice, the owner shall publish
75     an advertisement of the sale of the personal property subject to the lien once in a newspaper of
76     general circulation in the county where the self-service storage facility is located.
77          (b) An advertisement described in Subsection [(6)] (5)(a) shall include:
78          (i) the address of the self-service storage facility and the number, if any, of the space
79     where the personal property is located;
80          (ii) the name of the occupant; and
81          (iii) the time, place, and manner of the sale, which shall take place not sooner than 15
82     days after the day on which the sale is advertised under Subsection [(6)] (5)(a).
83          [(7)] (6) A sale of the personal property shall conform to the terms of the notice
84     provided for in this section.
85          [(8)] (7) A sale of the personal property shall be held at the self-service storage facility,
86     at the nearest suitable place to where the personal property is held or stored, or online.
87          [(9)] (8) Before a sale of personal property under this section, the occupant may pay the
88     amount necessary to satisfy the lien and the reasonable expenses incurred under this section
89     and thereby redeem the personal property; upon receipt of this payment, the owner shall return
90     the personal property, and thereafter the owner shall have no liability to any person with respect
91     to that personal property.
92          [(10)] (9) A purchaser in good faith of the personal property sold to satisfy a lien as
93     provided for in this chapter takes the property free of any rights of persons against whom the
94     lien was valid and free of any rights of a secured creditor, despite noncompliance by the owner
95     with the requirements of this section.
96          [(11)] (10) In the event of a sale under this section, the owner may satisfy the lien for
97     the proceeds of the sale, subject to the rights of any prior lienholder; the lien rights of the prior
98     lienholder are automatically transferred to the proceeds of the sale; if the sale is made in good
99     faith and is conducted in a reasonable manner, the owner shall not be subject to any surcharge
100     for a deficiency in the amount of a prior secured lien, but shall hold the balance, if any, for
101     delivery to the occupant, lienholder, or other person in interest; if the occupant, lienholder, or
102     other person in interest does not claim the balance of the proceeds within one year of the date
103     of sale, it shall become the property of the Utah state treasurer as unclaimed property with no
104     further claim against the owner.
105          [(12)] (11) If the requirements of this chapter are not satisfied, if the sale of the
106     personal property is not in conformity with the notice of sale, or if there is a willful violation of
107     this chapter, nothing in this section affects the rights and liabilities of the owner, occupant, or
108     any other person.
109          Section 2. Section 67-4a-102 is amended to read:
110          67-4a-102. Definitions.
111          As used in this chapter:
112          (1) "Administrator" means the deputy state treasurer assigned by the state treasurer.
113          (2) (a) "Administrator's agent" means a person with which the administrator contracts
114     to conduct an examination under Part 10, Verified Report of Property and Examination of
115     Records, on behalf of the administrator.
116          (b) "Administrator's agent" includes an independent contractor of the person and each
117     individual participating in the examination on behalf of the person or contractor.
118          (3) "Apparent owner" means a person whose name appears on the records of a holder
119     as the owner of property held, issued, or owing by the holder.
120          (4) (a) "Bank draft" means a check, draft, or similar instrument on which a banking or
121     financial organization is directly liable.
122          (b) "Bank draft" includes:
123          (i) a cashier's check; and
124          (ii) a certified check.
125          (c) "Bank draft" does not include:
126          (i) a traveler's check; or
127          (ii) a money order.
128          (5) "Banking organization" means:
129          (a) a bank;
130          (b) an industrial bank;
131          (c) a trust company;
132          (d) a savings bank; or
133          (e) any organization defined by other law as a bank or banking organization.
134          (6) "Business association" means a corporation, joint stock company, investment
135     company other than an investment company registered under the Investment Company Act of
136     1940, partnership, unincorporated association, joint venture, limited liability company,
137     business trust, trust company, land bank, safe deposit company, safekeeping depository,
138     financial organization, banking organization, insurance company, federally chartered entity,
139     utility, sole proprietorship, or other business entity, whether or not for profit.
140          (7) "Cashier's check" means a check that:
141          (a) is drawn by a banking organization on itself;
142          (b) is signed by an officer of the banking organization; and
143          (c) authorizes payment of the amount shown on the check's face to the payee.
144          (8) "Certified mail" means a method of mailing that is offered by the United States
145     Postal Service and provides evidence of mailing.
146          [(8)] (9) "Class action" means a legal action:
147          (a) certified by the court as a class action; or
148          (b) treated by the court as a class action without being formally certified as a class
149     action.
150          [(9)] (10) "Confidential information" means records, reports, and information that is
151     confidential under Section 67-4a-1402.
152          [(10)] (11) (a) "Deposit in a financial institution" means a demand, savings, or matured
153     time deposit with a banking or financial organization.
154          (b) "Deposit in a financial institution" includes:
155          (i) any interest or dividends on a deposit; and
156          (ii) a deposit that is automatically renewable.
157          [(11)] (12) "Domicile" means:
158          (a) for a corporation, the state of the corporation's incorporation;
159          (b) for a business association other than a corporation, whose formation requires a
160     filing with a state, the state of the business association's filing;
161          (c) for a federally chartered entity or an investment company registered under the
162     Investment Company Act of 1940, the state of the entity's or company's home office; and
163          (d) for any other holder, the state of the holder's principal place of business.
164          [(12)] (13) "Electronic" means relating to technology having electrical, digital,
165     magnetic, wireless, optical, electromagnetic, or similar capabilities.
166          [(13)] (14) "Electronic mail" means a communication by electronic means that is
167     automatically retained and stored and may be readily accessed or retrieved.
168          [(14)] (15) "Financial organization" means:
169          (a) a savings and loan association; or
170          (b) a credit union.
171          [(15)] (16) (a) "Game-related digital content" means digital content that exists only in
172     an electronic game or electronic-game platform.
173          (b) "Game-related digital content" includes:
174          (i) game-play currency, including a virtual wallet, even if denominated in United States
175     currency; and
176          (ii) the following, if for use or redemption only within the game or platform or another
177     electronic game or electronic-game platform:
178          (A) points sometimes referred to as gems, tokens, gold, and similar names; and
179          (B) digital codes.
180          (c) "Game-related digital content" does not include an item that the issuer:
181          (i) permits to be redeemed for use outside a game or platform for:
182          (A) money; or
183          (B) goods or services that have more than minimal value; or
184          (ii) otherwise monetizes for use outside a game or platform.
185          [(16)] (17) (a) "Gift card" means a record that:
186          (i) is usable at:
187          (A) a single merchant; or
188          (B) a specified group of merchants;
189          (ii) is prefunded before the record is used; and
190          (iii) can be used for purchases of goods or services.
191          (b) "Gift card" includes a prepaid commercial mobile radio service as defined in 47
192     C.F.R. Sec. 20.3.
193          [(17)] (18) "Holder" means a person obligated to hold for the account of, or to deliver
194     or pay to, the owner property subject to this chapter.
195          [(18)] (19) "Insurance company" means an association, corporation, or fraternal or
196     mutual benefit organization, whether or not for profit, engaged in the business of providing life
197     endowments, annuities, or insurance, including:
198          (a) accident insurance;
199          (b) burial insurance;
200          (c) casualty insurance;
201          (d) credit life insurance;
202          (e) contract performance insurance;
203          (f) dental insurance;
204          (g) disability insurance;
205          (h) fidelity insurance;
206          (i) fire insurance;
207          (j) health insurance;
208          (k) hospitalization insurance;
209          (l) illness insurance;
210          (m) life insurance, including endowments and annuities;
211          (n) malpractice insurance;
212          (o) marine insurance;
213          (p) mortgage insurance;
214          (q) surety insurance;
215          (r) wage protection insurance; and
216          (s) worker compensation insurance.
217          [(19)] (20) "Last known address" means a description of the location of the apparent
218     owner sufficient for the purpose of the delivery of mail.
219          [(20)] (21) (a) "Loyalty card" means a record given without direct monetary
220     consideration under an award, reward, benefit, loyalty, incentive, rebate, or promotional
221     program that may be used or redeemed only to obtain goods or services or a discount on goods
222     or services.
223          (b) "Loyalty card" does not include a record that may be redeemed for money or
224     otherwise monetized by the issuer.
225          [(21)] (22) (a) "Mineral" means any substance that is ordinarily and naturally
226     considered a mineral, regardless of the depth at which the substance is found.
227          (b) "Mineral" includes:
228          (i) building stone;
229          (ii) cement material;
230          (iii) chemical raw material;
231          (iv) coal;
232          (v) colloidal and other clay;
233          (vi) fissionable and nonfissionable ore;
234          (vii) gas;
235          (viii) gemstone;
236          (ix) gravel;
237          (x) lignite;
238          (xi) oil;
239          (xii) oil shale;
240          (xiii) other gaseous liquid or solid hydrocarbon;
241          (xiv) road material;
242          (xv) sand;
243          (xvi) steam and other geothermal resources;
244          (xvii) sulphur; and
245          (xviii) uranium.
246          [(22)] (23) (a) "Mineral proceeds" means an amount payable:
247          (i) for extraction, production, or sale of minerals; or
248          (ii) for the abandonment of an interest in minerals.
249          (b) "Mineral proceeds" includes an amount payable:
250          (i) for the acquisition and retention of a mineral lease, including a bonus, royalty,
251     compensatory royalty, shut-in royalty, minimum royalty, or delay rental;
252          (ii) for the extraction, production, or sale of minerals, including a net revenue interest,
253     royalty, overriding royalty, extraction payment, or production payment; and
254          (iii) under an agreement or option, including a joint-operating agreement, unit
255     agreement, pooling agreement, and farm-out agreement.
256          [(23)] (24) (a) "Money order" means a payment order for a specified amount of money.
257          (b) "Money order" includes an express money order and a personal money order on
258     which the remitter is the purchaser.
259          (c) "Money order" does not include a cashier's check.
260          [(24)] (25) "Municipal bond" means a bond or evidence of indebtedness issued by a
261     municipality or other political subdivision of a state.
262          [(25)] (26) (a) "Nonfreely transferable security" means a security that cannot be
263     delivered to the administrator by the Depository Trust Clearing Corporation or a similar
264     custodian of securities providing post-trade clearing and settlement services to financial
265     markets or cannot be delivered because there is no agent to effect transfer.
266          (b) "Nonfreely transferable security" includes a worthless security.
267          [(26)] (27) (a) "Owner" means a person that has a legal, beneficial, or equitable interest
268     in property subject to this chapter or the person's legal representative when acting on behalf of
269     the owner.
270          (b) "Owner" includes:
271          (i) a depositor, for a deposit;
272          (ii) a beneficiary, for a trust other than a deposit in trust;
273          (iii) a creditor, claimant, or payee, for other property; and
274          (iv) the lawful bearer of a record that may be used to obtain money, a reward, or a thing
275     of value.
276          [(27)] (28) "Payroll card" means a record that evidences a payroll card account as
277     defined in 12 C.F.R. Part 1005, Electronic Fund Transfers (Regulation E).
278          [(28)] (29) "Person" means:
279          (a) an individual;
280          (b) an estate;
281          (c) a business association;
282          (d) a public corporation;
283          (e) a government entity;
284          (f) an agency;
285          (g) a trust;
286          (h) an instrumentality; or
287          (i) any other legal or commercial entity.
288          [(29)] (30) (a) "Property" means tangible property described in Section 67-4a-205 or a
289     fixed and certain interest in intangible property held, issued, or owed in the course of a holder's
290     business or by a government entity.
291          (b) "Property" includes:
292          (i) all income from or increments to the property;
293          (ii) property referred to as or evidenced by:
294          (A) money, virtual currency, interest, or a dividend, check, draft, or deposit;
295          (B) a credit balance, customer's overpayment, stored-value card, payroll card, security
296     deposit, refund, credit memorandum, unpaid wage, unused ticket for which the issuer has an
297     obligation to provide a refund, mineral proceeds, or unidentified remittance; and
298          (C) a security except for:
299          (I) a worthless security; or
300          (II) a security that is subject to a lien, legal hold, or restriction evidenced on the records
301     of the holder or imposed by operation of law, if the lien, legal hold, or restriction restricts the
302     holder's or owner's ability to receive, transfer, sell, or otherwise negotiate the security;
303          (iii) a bond, debenture, note, or other evidence of indebtedness;
304          (iv) money deposited to redeem a security, make a distribution, or pay a dividend;
305          (v) an amount due and payable under an annuity contract or insurance policy;
306          (vi) an amount distributable from a trust or custodial fund established under a plan to
307     provide health, welfare, pension, vacation, severance, retirement, death, stock purchase,
308     profit-sharing, employee-savings, supplemental-unemployment insurance, or a similar benefit;
309     and
310          (vii) an amount held under a preneed funeral or burial contract, other than a contract
311     for burial rights or opening and closing services, where the contract has not been serviced
312     following the death or the presumed death of the beneficiary.
313          (c) "Property" does not include:
314          (i) property held in a plan described in Section 529A, Internal Revenue Code;
315          (ii) game-related digital content;
316          (iii) a loyalty card;
317          (iv) an in-store credit for returned merchandise;
318          (v) patronage capital of an electric, telephone, or agricultural cooperative; or
319          (vi) a gift card.
320          [(30)] (31) "Putative holder" means a person believed by the administrator to be a
321     holder, until:
322          (a) the person pays or delivers to the administrator property subject to this chapter; or
323          (b) the administrator or a court makes a final determination that the person is or is not a
324     holder.
325          [(31)] (32) "Record" means information that is inscribed on a tangible medium or that
326     is stored in an electronic or other medium and is retrievable in perceivable form.
327          [(32)] (33) "Security" means:
328          (a) a security as defined in Revised Article 8 of the Uniform Commercial Code; or
329          (b) a security entitlement as defined in Revised Article 8 of the Uniform Commercial
330     Code, including a customer security account held by a registered broker-dealer, to the extent
331     the financial assets held in the security account are not:
332          (i) registered on the books of the issuer in the name of the person for which the
333     broker-dealer holds the assets;
334          (ii) payable to the order of the person;
335          (iii) specifically endorsed to the person; or
336          (iv) an equity interest in a business association not included in this Subsection [(32)]
337     (33).
338          [(33)] (34) "Sign" means, with present intent to authenticate or adopt a record:
339          (a) to execute or adopt a tangible symbol; or
340          (b) to attach to or logically associate with the record an electronic symbol, sound, or
341     process.
342          [(34)] (35) "State" means a state of the United States, the District of Columbia, the
343     Commonwealth of Puerto Rico, the United States Virgin Islands, or any territory or insular
344     possession subject to the jurisdiction of the United States.
345          [(35)] (36) (a) "Stored-value card" means a reloadable or non-reloadable record:
346          (i) with a monetary value or amount that can be:
347          (A) used to purchase or otherwise acquire goods or services;
348          (B) used to obtain cash; or
349          (C) redeemed for cash value; and
350          (ii) of which the issuer or the issuer's agent has a record of the name and last known
351     address of the apparent owner and the address is in the state of Utah.
352          (b) "Stored-value card" does not include:
353          (i) a record described in Subsection [(35)] (36)(a) that is purchased or acquired by an
354     intermediary or other party for resale, for sale on consignment, or as a gift to the card user,
355     when the issuer does not know the name and address of the ultimate buyer or recipient of the
356     record;
357          (ii) a loyalty card;
358          (iii) a gift card; or
359          (iv) game-related digital content.
360          [(36)] (37) "Utility" means a person that owns or operates for public use a plant,
361     equipment, real property, franchise, or license for:
362          (a) the transmission of communications or information;
363          (b) the production, storage, transmission, sale, delivery, or furnishing of electricity,
364     water, steam, or gas; or
365          (c) the provision of sewage or septic services, or trash, garbage, or recycling disposal.
366          [(37)] (38) (a) "Virtual currency" means a digital representation of value used as a
367     medium of exchange, unit of account, or store of value, which does not have legal tender status
368     recognized by the United States.
369          (b) "Virtual currency" does not include:
370          (i) the software or protocols governing the transfer of the digital representation of
371     value;
372          (ii) game-related digital content;
373          (iii) a loyalty card;
374          (iv) membership rewards; or
375          (v) a gift card.
376          [(38)] (39) "Worthless security" means a security whose cost of liquidation and
377     delivery to the administrator would exceed the value of the security on the date a report is due
378     under this chapter.
379          Section 3. Section 67-4a-501 is amended to read:
380          67-4a-501. Notice to apparent owner by holder.
381          (1) [Subject to] In accordance with Subsection (2), the holder of property presumed
382     abandoned shall send to the apparent owner notice [by first-class United States mail] that
383     complies with Section 67-4a-502 in a format acceptable to the administrator not more than 180
384     days nor less than 60 days before filing the report under Section 67-4a-401 if[: (a) the holder
385     has in the holder's records an address for the apparent owner that the holder's records do not
386     disclose to be invalid and is sufficient to direct the delivery of first-class United States mail to
387     the apparent owner; and (b)] the value of the property is $50 or more.
388          [(2) If an apparent owner has consented to receive electronic mail delivery from the
389     holder, the holder shall send the notice described in Subsection (1) both by first-class United
390     States mail to the apparent owner's last-known mailing address and by electronic mail, unless
391     the holder believes that the apparent owner's electronic mail address is invalid.]
392          (2) The holder shall deliver the notice described in Subsection (1):
393          (a) by:
394          (i) certified mail to the apparent owner's last-known address; and
395          (ii) if the apparent owner has consented to receive electronic mail delivery from the
396     holder, by electronic mail; or
397          (b) in person, with a certificate of receipt signed by the individual who received the
398     notice.
399          Section 4. Section 67-4a-503 is amended to read:
400          67-4a-503. Notice by administrator.
401          (1) [The] Subject to the provisions of this section, the administrator shall give notice to
402     an apparent owner that property presumed abandoned and that appears to be owned by the
403     apparent owner is held by the administrator under this chapter.
404          [(2) In providing notice under Subsection (1), the administrator shall:]
405          [(a) except as otherwise provided in Subsection (2)(b), send written notice by
406     first-class United States mail to each apparent owner of property valued at $50 or more held by
407     the administrator, unless the administrator determines that a mailing by first-class United States
408     mail would not be received by the apparent owner, and, in the case of a security held in an
409     account for which the apparent owner had consented to receiving electronic mail from the
410     holder, send notice by electronic mail if the electronic mail address of the apparent owner is
411     known to the administrator instead of by first-class United States mail; or]
412          [(b) send the notice to the apparent owner's electronic mail address if the administrator
413     does not have a valid United States mail address for an apparent owner, but has an electronic
414     mail address that the administrator does not know to be invalid.]
415          (2) (a) The administrator shall send written notice to each apparent owner of property
416     presumed abandoned that is valued at $50 or more and held by the administrator under this
417     chapter.
418          (b) The administrator shall deliver the notice described in Subsection (2)(a):
419          (i) by:
420          (A) certified mail to the apparent owner's last-known address; and
421          (B) if the apparent owner consented to receive electronic mail delivery from the holder
422     and the administrator knows the apparent owner's electronic mail address, by electronic mail;
423     or
424          (ii) in person, with a certificate of receipt signed by the individual who received the
425     notice.
426          (3) In addition to the notice under Subsection (2), the administrator shall publish every
427     12 months in at least one English language newspaper of general circulation in this state notice
428     of property held by the administrator, which shall include:
429          (a) the total value of property received by the administrator during the preceding
430     12-month period, taken from the reports under Section 67-4a-401;
431          (b) the total value of claims paid by the administrator during the preceding 12-month
432     period;
433          (c) the Internet web address of the unclaimed property website maintained by the
434     administrator;
435          (d) a telephone number and electronic mail address to contact the administrator to
436     inquire about or claim property; and
437          (e) a statement that a person may access the Internet by a computer to search for
438     unclaimed property, and a computer may be available as a service to the public at a local public
439     library.
440          (4) (a) The administrator shall maintain a website accessible by the public and
441     electronically searchable that contains the names reported to the administrator of apparent
442     owners for whom property is being held by the administrator.
443          (b) The administrator is not required to list property on the website if:
444          (i) no owner name was reported;
445          (ii) a claim has been initiated or is pending for the property;
446          (iii) the Office of the State Treasurer has made direct contact with the apparent owner
447     of the property; or
448          (iv) the administrator reasonably believes exclusion of the property is in the best
449     interests of both the state and the owner of the property.
450          (5) The website or database maintained under Subsection (4) shall include instructions
451     for filing with the administrator a claim to property and a printable claim form with
452     instructions.
453          (6) (a) At least annually, the administrator shall notify the State Tax Commission of the
454     names and social security numbers or federal identification numbers of any persons appearing
455     to be owners of abandoned property under this chapter.
456          (b) The State Tax Commission shall:
457          (i) determine if any person under Subsection (6)(a) has filed a Utah income tax return in
458     that year; and
459          (ii) provide notice to a person described in Subsection (6)(b)(i) that directs the person
460     to access the website described in Subsection (4) for information on property that may be held
461     by the administrator in that person's name.
462          (c) Subject to Subsection (7), in order to facilitate the return of property under this
463     Subsection (6), the administrator and the State Tax Commission may enter into an interagency
464     agreement concerning protection of confidential information, data match rules, and other
465     issues.
466          (7) If the administrator and the State Tax Commission enter into an interagency
467     agreement under Subsection (6)(c), for each person that is owed property that has a value of
468     $2,000 or less:
469          (a) the administrator shall deliver the property or pay the amount owed to the person in
470     the manner provided under Section 67-4a-905; and
471          (b) the person is not required to file a claim under Section 67-4a-903.
472          (8) The administrator may use publicly and commercially available databases to find
473     and update or add information for apparent owners of property held by the administrator.
474          (9) The State Tax Commission may bill the administrator to recover the State Tax
475     Commission's costs for providing the service under this section.
476          (10) In addition to giving notice under Subsection (2), publishing the information
477     under Subsection (3), and maintaining the website or database under Subsection (4), the
478     administrator may use other printed publication, telecommunication, the Internet, or other
479     media to inform the public of the existence of unclaimed property held by the administrator.