Consequences for Not Having a Unclaimed Property Program
Consequences for Not Having a Yearly Unclaimed Property Compliance Process in Place.There are harsh implications for Holders who do not have a annual unclaimed property compliance program including: - For Holders who do not submit annual unclaimed property reports- For Holders who file inconsistent, inaccurate or non-compliant annual reports-
Reason Why Your Unclaimed Property Report was Rejected
Reason Why Your Unclaimed Property Report was Rejected - There a numerous reasons why a State may reject your annual unclaimed property report, including non-compliance - Certain States require specific information be included on their State unclaimed property reports, including that they be in the appropriate format in order
What Makes Up Your Yearly Unclaimed Property Process?
~ To reduce your unclaimed property liability and exposure~ Obtain and maintain compliance with all State unclaimed property laws and regulations~ Protect the Holder's bottom line~ Reunite Owner with their unclained assets; State maintains custody of property until Owner is found and reunited with lost property~ Owners only have