Section 760.930 Determination of Liability

Section 760.930  Determination of Liability

a)

If the administrator determines from an

examination conducted under Section 15-1002

of the Act

that a

putative holder failed or refused to pay or deliver to the administrator

property that is reportable under the Act, the administrator shall issue a

determination of the putative holder's liability to pay or deliver and give

notice in a record to the putative holder of the determination.

[765 ILCS

1026/15-1011]

b)         The administrator may give notice of any

interest and civil penalties at the same time that notice of a determination of

liability is given.