Today unclaimed property consists of intangible property, such as dormant bank accounts, uncashed checks, unreturned deposits and credit balances. Unclaimed property normally falls under two separate categories, either general ledger property types, or securities related property.
Lower dormancy periods for certain property types.
︎ Additional property types to be address. ~ For example: Digital Assets & Cryptocurrency. • more & more states will require certain property types to be liquidated prior to reporting. • Current states who require account liquidation prior to reporting. (Colorado, Maryland, North Dakota, South Dakota & Rhode Island) • Current states who DO NOT require liquidation prior to reporting. (Arizona & Oregon) ~ Payment apps and virtual wallets. ~ Sports betting accounts
︎ Stricter enforcement of due diligence/search letter mailings. ~ Some States require specific wording, heading & timeliness in the letter. ~ Be aware of any early outreach obligations. ~ Auditors are increasingly asking for copies of due diligence letters and proof letters are being mailed to Owners.
For additional information and specifics on the upcoming year’s unclaimed property issues, please contact a professional at PEACC.com by calling 410.303.5510 or email us at info@peacc.com
Call PEACC for Compliance 410.303.5510
2026 State Escheatment Trends January 19th, 2026peaccadmin
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.
2026 Annual UPPO Conference Highlights December 16th, 2025peaccadmin
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 410.303.5510
Reviewed Your UP Policies & Procedures Recently? September 16th, 2025peaccadmin
Companies/Holders need to track all their unclaimed property, on average for either a dormancy period of 3, 5 or 7 years & resolve this unclaimed property with the Owner.
If it can’t be resolved with the Owner, it must be reported and remitted to the State of the property Owner’s last know address, based on what the outstanding item Owner’s last known address is.
However, if there is no last know address, or the item has a foreign address, it must be reported & remitted to the Holder’s State of Incorporation.
Sourcing rules for establishing where unclaimed property is to be reported:
Priority Rule #1 – Unclaimed property should be reported & remitted to the property Owner’s State of last known address.
Property Rule #2 – If the last known address is unknown or foreign, property should be reported & remitted to the Holder’s State of Incorporation or State of Principle Business.
For further information regarding where to report & remit unclaimed property please reach out to a professional at PEACC to help resolve your unclaimed property compliance issues at 410.303.5510 or email us at info@peacc.com before a State tracks you down!
Call PEACC for Compliance 410.303.5510
The ABC’s of State Unclaimed Property Reporting April 29th, 2025peaccadmin
Prior to reporting any unclaimed property to the States, a formal set of standard reporting procedures should be developed and followed including:
1) Identify and track all unclaimed property. 2) Set up Liability Account/Spread sheet of all identified unclaimed properties. 3) Calculate correct State dormancy periods. (most cases 1,3 or 5 years) 4) Determine if any property may be exempt from State reporting. 5) Mail out State required Due Diligence/Search letters during State mandated time frames. 6) Prepare State reports in proper State formats. 7) Submit reports & remittance to the appropriate State, normally thru the State website portal. 8) Update records, including Liability account. 9) Enjoy a cup of coffee, until next year!
– Apply for and receive approval for enrollment into the program from the VCP State. – Complete any formal educational/training given by the State, if any. – Review your books and records for unclaimed property. – Preform and complete Holder required Due Diligence Mailings. – Submit a preliminary “Notice” report to the State. If approved: – Submit a final “Remit” report to the State along with any remittance.
For further information regarding reports or unclaimed property compliance issues, please contact the professionals at PEACC by calling 410.303.5510 or email us at info@peacc.com
Call PEACC for Compliance 410.303.5510
How to Successfully Complete the Voluntary Compliance Process (“VCP”): March 3rd, 2025peaccadmin
– done by individual State or can be done jointly with other State(s).
Reciprocal Audit
– One State audits on behalf of other State(s) – Expenses and resources are shared
Private Audit Firms
– State Contracts Out Third-Party Audit Firm – May Get Paid Based Upon a Percentage of What They Find
Telephone Audits & Reviews
– State contacts Holder via phone. – Listen for uncertainties & inconsistencies in voice.
“Highway Audits”
– State audit employees look for newspaper headlines, billboards and trucks while out of office for audit candidates.
For further information about the types of unclaimed property audits and how to navigate thru them, please contact the experts at PEACC at 410.303.5510 or email us at info@peacc.com
Call PEACC for Compliance 410.303.5510
TYPES OF UNCLAIMED PROPERTY AUDITS & REVIEWS February 4th, 2025peaccadmin
Your Total Source for Unclaimed Property Compliance
