Unclaimed Property Consulting

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

Reviewed Your UP Policies & Procedures Recently?

Sticky Post By On September 16, 2025

Do you have internal unclaimed property policies & procedures currently in place? Is everyone at your organization on board with them and abiding to them?

If the answer to these questions are Yes, it is still advised by the States and all major Unclaimed Property Organizations (UPHLC, NAST, UPPO, etc.) that Holders should perform a review of them every 3 to 5 years. To ensure total compliance with all the State laws and regulations, yearly audits are often suggested. These State laws and requirements may change without much notice. The States put the burden of keeping track of any law changes on the Holders/Companies.

If you’re short staffed, confused or just don’t feel like performing a review of your unclaimed property Policies & Procedures, let PEACC help with it. PEACC has proven time & time again they can save you money from any non-compliance or under reporting liabilities (or over reporting) with their proven review and modifications methods.

Still questioning their review and process? Let PEACC review one or two of your recent State Unclaimed Property Reports for free. We will show you what compliance is required among the States.

Sleep better at night knowing all your yearly efforts comply with all the State compliance requirements and expectations. Don’t leave your door open to ongoing compliance issues. Be safe with PEACC’s Compliance Reviews. You could even be over reporting or underreporting. But you may never know unless PEACC conducts one of their thorough compliance reviews.

Don’t wait! There is no better time than now to have your Unclaimed Property Policies & Procedures reviewed. Get past reporting history reviewed prior to having a State contact you. This could lead to an added expense to your bottom line. As mentioned, it is recommended by the unclaimed property authorities to conduct a review of you’re past reporting history along with your Policies & Procedures every 2 to 3 years. But don’t fret, let PEACC do the work. You’ll be surprised at the results.

Please reach out to PEACC by calling 410.303.5510 or email us at info@peacc.com for further information or to commence with your FREE review. Only positive results.

Call PEACC for Compliance
Call PEACC for Compliance 410.303.5510
08 Sep 2025
Sticky Post By Posted in D. Patrick ("Pat") Healy, Escheatment, Unclaimed Property Compliance, Unclaimed Property Consulting, Unclaimed Property Laws Permalink

Unclaimed Property Liabilities in Acquisitions

Sticky Post By On September 8, 2025
  • Are you considering the unclaimed property liabilities in your Acquisitions? You should be because it could make a difference in what the acquisitions may cost you.
  • Depending on whether the Acquisition is a Stock purchase or an Asset purchase will dictate what your liability may be.
  • If the acquisition is a stock or equity purchase, the acquirer generally assumes historical and ongoing liability of the acquisition target.   
  • In an Asset purchase, the acquirer generally will inherent unclaimed property liability ONLY related to the assets & liabilities assumed in the purchase transaction.
  • So, as you can see, a stock/equity acquisition includes any historical unclaimed property historical filings that have been missed over the years.
  • Therefore the acquirer would need to submit past due reports and also be responsible for any fines & interest penalties the States will/could assess would could add up.
  • This is why PEACC recommends performing an unclaimed property exercise to estimate what the exposure could be. Then lower the offering price taking the estimated unclaimed property exposure into consideration.
  • For further information on complying with the myriad of all the various State laws and regulations, please reach out to a professional at PEACC.com by calling 410.303.5510 or email at info@peacc.com too gain valuable knowledge & insight on unclaimed property compliance
Call PEACC for Compliance
Call PEACC for Compliance 410.303.5510
28 Aug 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 August 28, 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.

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

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

Looking to Have Your Unclaimed Property Policies and Procedures Developed or Reviewed?

Sticky Post By On August 21, 2025

Looking for Assistance in Developing & Maintaining Compliant Unclaimed Property Reporting Policies & Procedures?

PEACC has over 25 years experience in developing and implementing Unclaimed Property Policies & Procedures in all industries, all jurisdictions and for all property types.

PEACC has been developing and implementing unclaimed property compliance steps for each and every State, along with D.C., Guam, Puerto Rico and the Virgin Islands for over 25 years.  Their clients have NEVER been found to be non-compliant or fined by any State.

If you’re short staffed, not staffed or questioning whether your unclaimed property Policies and procedures are compliant with all State rules & regulations, you can now reach out to PEACC to ensure your current and ongoing compliance.

Please reach out to PEACC any time to learn how we can offer you solutions along with a low cost solution to your unclaimed property reporting obligations. It can save you thousands or even millions of
dollars in fines & penalties that will effect your bottom line while negating any possible national negative press!

Please contact PEACC’s Compliance Group at 410.303.5510 or email info@peacc.com for assistance on your reporting efforts to gain and keep your organization in compliance. With all the States constantly updating & increasing their compliance enforcement efforts, there is no better time than now to upgrade to PEACC Unclaimed Property Compliance. You’ll be surprised at the low costs and how much money you will save your company in the long run! PEACC.com – The National Leader in Unclaimed Property Compliance.

Call PEACC for Compliance
Call PEACC for Compliance 410.303.5510
15 Jul 2025
Sticky Post By Posted in Unclaimed Property Consulting Permalink

Basic Provisions (Requirements) of the Uniform Unclaimed Property Act

Sticky Post By On July 15, 2025

The Uniform Unclaimed Property Act addresses all unclaimed intangible property along with all unclaimed bank safe deposit box contents.
• general ledger & securities
– Requires Holders to perform Due Diligence/Search Letter Mailings
• Look for Owner prior to reporting property to appropriate State.
– Requires Holder to generate reports in the required formats and submit to to the appropriate States in a timely fashion along with the remittance.
– Relives Holder of any future liabilities on that property.

For further clarification and compliance information regarding State unclaimed property reporting, please reach out to the professionals 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
20 Jun 2025
Sticky Post By Posted in Unclaimed Property Consulting Permalink

State Reporting Formats & Remittance

Sticky Post By On June 20, 2025

All States require reports to be generated and submitted along with the remittance. Here are a few specifics that are required by certain States:

Stata Unclaimed Property Report Reminders:

~ Some States require the reports submitted to them be Notarized. Others require a specific Officer of the company (CFO/Comptroller) to sign them, certifying the report is accurate to the best of their knowledge.

~ All States required their reports are generated and submitted in the National Association of Unclaimed Property Association (NAUPA) format.

~ The majority of the States require Negative Reports be submitted when there is no property due to be reported for the year. Please note: submitting back to back Negative Reports may result in a unclaimed
property audit or State inquiry.

~ Can the State report be uploaded through the State website or does it need to be generated as a hard paper copy or CD and physically mailed into the individual State?

State Report Remit Specifics/Reminders:

~ Does the State accept payment for cash type property in: Check, ACH Payment or an Online Payment?

~ Securities related property:  Does the State require up front/advanced notification?

~ Specifics payment of any reported Tangible related property or Bank Safe Deposit Box Contents.

For further explanation of State Reporting & Remittance specifics, please reach out to a professional at PEACC.com by calling 410.303.5510 or email us at: info@peacc.com

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

Annual Unclaimed Property Reporting – Date Specifics

Sticky Post By On June 3, 2025

Annual Reporting Date Specifics:

Depending on the State, unclaimed property reports are due throughout the year, Spring, Summer, and Fall.

For States with a Fall Reporting due date, the date can be October 31 or November 1 each year. The cut off date will be June 30th of each year.

Depending on the Holder type, unclaimed property reports may be due to a State in the Spring, March 1 through May 1 every year, with a cut off date of December 31, the previous year.

Finally, depending on the Holder type and State, the unclaimed property report may be due over the Summer months such as, July 1st every year, with a cutoff date of March 1st or March 31st.

As you can see, there are numerous Reporting due dates throughout the year depending on the State, Holder type and property type being reported.

Please note, individual unclaimed property reports are due once a year, with the exception of California where they are due twice. The preliminary report is due November 1st and the final/remittance report is due the following June, between June 1st and June 15th.

For all other States, the remittance report is due at the same time the initial report is due each year.

For further clarification and compliance information regarding State unclaimed property reporting, please reach out to the professionals 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

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