Upcoming due diligence and state report due dates for unclaimed property

Keeping up with Compliance Changes

One of the most important pieces of unclaimed property is keeping up with compliance changes. There were more compliance changes than normal this year and they will impact your fall reporting. Many states have made changes to the property codes they will accept, the dormancy period for property types, due diligence amounts, report due dates, […]

Danielle Herring

Product Manager, UPExchange

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Update on Report Delivery Methods

Tennessee has changed up their report delivery process. They now require that all reports be uploaded directly to their website. The process to create the NAUPA report is unchanged. You’ll still need your reporting software to create the report file in the encrypted ‘HDE’ format. When you have your HDE file ready, go to the […]

Danielle Herring

Product Manager, UPExchange

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Compliance Updates April 11, 2017

Illinois Clarification made that MS12 – Gift Certificates are exempt only if there is no expiration date. Louisiana NAUPA file format changed from HDE to TXT. North Carolina Correction to dormancy for MS02 – Commissions. Correct dormancy is 1 year, not 2 years. Nevada Dormancy exception built in for government entities. For TR03 – Funds […]

Danielle Herring

Product Manager, UPExchange

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Compliance Updates

Delaware A hard copy of the coversheet is required. Connecticut Slight change to check payee name it’s now ‘Treasurer, State of Connecticut, Unclaimed Property’ Added clarification that state prefers minimum of $25 for ACH/EFT Preferred address is the lockbox address below. Last minute overnights can go to the 55 Elm Street address. Lockbox address is: […]

Danielle Herring

Product Manager, UPExchange

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