Upcoming due diligence and state report due dates for unclaimed property

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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Lions and Tigers and Due Diligence, Oh My!

Let’s talk a bit about the complexity of Unclaimed Property Due Diligence. Think about it; there are more than 50 unclaimed property reporting jurisdictions. Each of these can have varying due diligence requirements. Trying to stay on top of constant changes will make you quickly realize the difficulty of performing proper due diligence. Due diligence, […]

Kristine Butterbaugh

Strategic Sales Executive

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