Relating to: fraudulent claims for unclaimed property and providing a penalty. (FE)

SB 647 targets individuals who fraudulently claim unclaimed property belonging to others. It imposes civil penalties (equal to the property value) and criminal penalties (a Class I felony) for filing claims without consent to deprive owners. The bill also requires the state administrator to post penalty details online for 12 months and allows partial penalty waivers. This directly affects people who submit false claims for unclaimed funds or assets held by the state. The law updates existing statutes to clarify penalties for fraudulent claims under Section 177.12045.