UNCLAIMED PROPERTY: Provides for administration of unclaimed property claims based on purchase agreements. (1/1/27) (OR NO IMPACT See Note)

SB 392 establishes rules for buying unclaimed property claims from sellers who have already paid the property to Louisiana's state treasurer (the administrator). It requires detailed documentation for purchase agreements, including seller identification, proof of ownership rights, business lien checks, and signed authority. The bill limits agreements to property already paid to the administrator and gives the treasurer authority to reject incomplete claims. These rules take effect January 1, 2027, and directly affect individuals or businesses purchasing unclaimed property claims.