A Banker’s Hotline Vol XVII, Number 7 article dealt with possible box drilling procedure perils. The article suggested the final notice contain “if renter doesn’t respond by a specific date, legal action against them will be taken, and they may be turned over to a credit-reporting agency” rather than “box will be drilled, contents impounded” like our notice reads.
We’re reviewing our procedures and have yet to find in the Michigan’s Uniform Unclaimed Property Act where it requires the written disclosure to include “box will be drilled, contents impounded”. Can anyone confirm it is not required by Michigan law? Has anyone changed their final notice wording and found it more effective/beneficial? Thank you in advance.