10 IAC 1.5-4-15 Claims paid in error

Sec. 15. If the attorney general pays a claimant in error, the attorney general may do the following: (1) In the case of ownership, when a person with the same name can present evidence that payment was made in error, the attorney general may pay the second claimant after notifying the first payee that: (A) another claimant has filed for the property and is the valid owner; (B) the first payee is requested to refund the monies paid; (C) the first payee has the right to present evidence of a superior claim and more fully documented proof of ownership; (D) the attorney general may require a hearing before an administrative law judge to determine or verify ownership; and (E) the attorney general may pursue collection through appropriate court action. (2) In the case of error in reporting by a holder: (A) if a holder's report or ownership verification is found to be in error after the attorney general has paid the listed owner, the holder shall reimburse the attorney general for any funds paid; and (B) if the request for reimbursement is denied, the attorney general may pursue collection through court action.