All posts by peaccadmin

16 Dec 2025
Sticky Post By Posted in D. Patrick ("Pat") Healy, Escheatment, Unclaimed Property Compliance, Unclaimed Property Consulting, UPPO.org Permalink

2026 Annual UPPO Conference Highlights

Sticky Post By On December 16, 2025
  • More than 40 educational sessions spanning four educational tracks (basic, intermediate, advanced, and special focus).
  • Social events/outings, meals and breaks designed to help attendees connect.
  • Opportunities to meet with presenters/exhibitors throughout the conference to learn about the services that can help your company’s unclaimed property program.
  • Industry-specific breakout sessions that feature updates about hot topics plus Q&A with the presenters and other attendees.
  • Register by Jan. 15, 2026, for the special, early-bird rate.

“In my thirty years of consulting, I’ve learned that the unclaimed property landscape is constantly shifting, and this conference is the one place where you can actually get ahead of the curve rather than just reacting to it. It’s not just about the sessions it’s about the information you get from the Q&A and the industry breakouts. I’ve found that the ‘hallway consulting’ during meals and the connections made with exhibitors are often just as valuable as the lectures; finding one right vendor or hearing one peer’s strategy for an audit can save your company significantly more than the cost of the trip. If you are serious about mitigating risk and running a defensible escheat program, you need to be in the room, and locking in that early-bird rate by January 15, 2026, is just smart business.” D. Patrick Healy

Questions? Contact UPPO.org at 763-253-4340 or visit uppo.uppo@org for further information.

Note: This is the same Unclaimed Property Conference at UPPO Conference 2025.

21 Oct 2025
Sticky Post By Posted in D. Patrick ("Pat") Healy, Unclaimed Property Consulting, Unclaimed Property Reporting Permalink

A Successful Unclaimed Property Reporting Process

Sticky Post By On October 21, 2025

A successful unclaimed property reporting process includes these important steps:

– Identify all unclaimed intangible property.
– Determine which State the property is reportable to.
– Calculate the proper dormancy period for each property type.
– Review for any property that may be exempt under current State law.
– Perform all State required Due Diligence/Search Letter functions.
– Review, generate & submit State reports & the remittance in the required formats and timeframes.
– Update/document all records related to property reported.

For further clarification on the State unclaimed property reporting process please reach out to a professional at PEACC.com by calling 410.303.5510 or email us at info@peacc.com

Call PEACC for Compliance
Call PEACC for Compliance 410.303.5510
20 Oct 2025
Sticky Post By Posted in D. Patrick ("Pat") Healy, Unclaimed Property Compliance, Unclaimed Property Consulting, Unclaimed Property Reporting Permalink

PEACC.com New To State Unclaimed Property Reporting Requirements?

Sticky Post By On October 20, 2025

Who Is Required To Report Unclaimed Property?

1) Corporations –
Retail
Manufacturing
Service/Hospitality Industry
Others (Utilities, Gov’t Jurisdictions,
Colleges/Universities, Hospitals, etc.)

2) Banks & Financial Institutions

3) Insurance –
Life Insurance
Non-Life Insurance

Read more

16 Oct 2025
Sticky Post By Posted in D. Patrick ("Pat") Healy, Holder: Due Diligance, State Unclaimed Property Laws, Unclaimed Property Audits, Unclaimed Property Compliance, Unclaimed Property Due Diligence, Unclaimed Property Reporting Permalink

What Are the Holder/Companies Beliefs When it Comes to Unclaimed Property Reporting?

Sticky Post By On October 16, 2025

Whenever you inquire about Holder and their unclaimed property reporting, their responses are normally:
– We don’t have any unclaimed property to report or remit.
– We already file our unclaimed property reports, but they are normally negative/zero reports (reports showing nothing to report).
– Our outstanding checks list have been reviewed and none of them reflect any outstanding checks.
– Any small dollar amount outstanding checks (ie. < $5.00) are written off.

Any of these myths can increase your risk of an unclaimed property audit.

For further clarification on any unclaimed property compliance issues, please reach out to a professional at PEACC.com at 410.303.5510 or email us at info@peacc.com

Call PEACC for Compliance
Call PEACC for Compliance 410.303.5510
14 Oct 2025
Sticky Post By Posted in D. Patrick ("Pat") Healy, Unclaimed Property Compliance, Unclaimed Property Due Diligence, Unclaimed Property Laws Permalink

Delaware Voluntary Disclosure Agreement

Sticky Post By On October 14, 2025

Delaware Voluntary Disclosure Agreement (VDA) Process: A Step-by-Step Guide

The Delaware Voluntary Disclosure Agreement program offers businesses a smoother path to compliance with unclaimed property laws. This blog outlines the key steps involved:

I. Enrollment

  • Sign and submit Form VDA-1: This initiates the program and signifies your intent to comply.

II. Information Gathering

  • Compile details about your company:
    • History
    • Entities included in the VDA
    • Mergers and acquisitions
    • Reporting history
    • Records availability
    • Property types you’ll report (e.g., payroll, accounts payable/receivable, refunds)

III. Scoping Your VDA

  • Define the scope for each entity:
    • Identify property types included
    • Assess record availability (trial balances, bank reconciliations, check lists, A/R aging reports)
    • Determine the look-back period (ideally to 1996)
    • Address lack of records (estimation methods)

IV. Detailed Records Review

  • Conduct a thorough review of each property type for each entity.
  • Utilize estimations when records are unavailable.

V. Submitting Findings to Delaware

  • Present a draft report to the Delaware Department of State.
  • Be prepared for potential sampling to verify your results.

VI. Settlement and Payment

  • Upon Delaware’s approval:
    • Complete and submit Form VDA-2.
    • Make a remittance payment for identified unclaimed property.

VII. Addressing Other States

  • Once the Delaware VDA is finalized, determine any potential exposure for unclaimed property in other applicable states.

By following these steps, you can navigate the Delaware VDA process efficiently and ensure compliance with unclaimed property regulations.

For further information and questions regarding compliance with these state unclaimed property laws, please contact a professional at PEACC.com at 410.303.5510, or email us at info@peacc.com.

 

PEACC.com
13 Oct 2025
Sticky Post By Posted in D. Patrick ("Pat") Healy, Dormancy Periods, Escheatment, Unclaimed Property Compliance, Unclaimed Property Consulting, Unclaimed Property Reporting Permalink

How Can A Company/Holder Be Reporting Their Unclaimed Property And Still Be Non-Compliant?

Sticky Post By On October 13, 2025

*  By reporting with incorrect dormancy periods or cut off dates.
*  Have a lapse(s) in the reporting periods/history.
*  By applying the wrong aggregate amount.
*  Simply reporting all property to only one State / State of Incorporation.
*  By misunderstanding the rules of customer generated contact / indication of Owner interest.
*  By not performing all State required Due Diligence / Search Letter specifics within the applicable time periods.
*  By not reporting property below a certain dollar amount.
*  By failing to report all eligible property / under reporting.
*  Submitting the report in the incorrect format.

For further information and assistance on how to stay compliant with the State specifics, please reach out to a professional at PEACC.com by calling us at 410.303.5510 or through email info@peacc.com

Call PEACC for Compliance
Call PEACC for Compliance 410.303.5510
25 Sep 2025
Sticky Post By Posted in Holder: Due Diligance Permalink

A Brief Guide to Crafting a Due Diligence Letter for Unclaimed Property

Sticky Post By On September 25, 2025

Unclaimed property laws require companies to send due diligence letters to property owners before reporting them to the state. While it can be time-consuming, it can help reunite owners with their property, improve customer service, and avoid fines. Learn more about holder requirements by contacting PEACC.

Read more

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