(a) The types of property, tangible and intangible, that are subject to reporting;

(b) Persons who typically hold, knowingly or unknowingly, unclaimed property;

(c) Record keeping requirements for persons holding unclaimed property; and

(d) Any penalties for failing to comply with the provisions of ORS 98.302 to 98.436.

(2) Upon request by the Department of State Lands, the Department of Revenue and the Office of the Secretary of State shall:

(a) Assist the Department of State Lands in determining which persons are required to file a report under ORS 98.352; and

(b) Allow the Department of State Lands to include information about unclaimed property reporting requirements in the regular mailings of the Department of Revenue. [2001 c.302 §2; 2003 c.7 §2]

Note: The amendments to 98.353 by section 11, chapter 678, Oregon Laws 2019, become operative July 1, 2021. See section 85, chapter 678, Oregon Laws 2019. The text that is operative on and after July 1, 2021, is set forth for the user’s convenience. (1) The State Treasurer shall regularly provide educational or informational materials to persons required to file a report under ORS 98.352. The educational or informational materials must include information describing:

(a) The types of property, tangible and intangible, that are subject to reporting;

(b) Persons who typically hold, knowingly or unknowingly, unclaimed property;

(c) Record keeping requirements for persons holding unclaimed property; and

(d) Any penalties for failing to comply with the provisions of ORS 98.302 to 98.436.

(2) The State Treasurer shall coordinate with:

(a) The Department of Consumer and Business Services, the Department of Revenue and the office of the Secretary of State in determining which persons are required to file a report under ORS 98.352 or who may make a claim under ORS 98.392; and

(b) The Department of Consumer and Business Services, the Department of Revenue and the Employment Department to include information about unclaimed property reporting requirements and claims in the regular mailings of the departments and in electronic communications and resources.

Note: 98.353 was added to and made a part of 98.302 to 98.436 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.