Notification of apparent owner of presumed abandoned property

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    Not more than 120 days or less than 30 days before the filing of the report required under § 17–310 of this subtitle, the holder in possession of presumed abandoned property shall send a written notice by first–class mail to the apparent owner of presumed abandoned property valued at $100 or more to the owner’s last known address informing the owner that:

        (1)    The holder is in possession of property subject to the provisions of this title; and

        (2)    The property will be considered abandoned unless the owner responds within 30 days of the notification to the holder.


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