Introduced on January 10, 2018, Washington H 2486 seeks to adopt the Revised Uniform Unclaimed Property Act (RUUPA). The Act would significantly modify existing unclaimed property law in the state. Dormancy periods and triggers for existing and new property types are introduced, along with, new requirements for additional holder outreach and due diligence.
Legislation introduced to the US Senate would allow state attorneys general to initiate unclaimed property audits of national banks with reasonable cause. Current law does not empower attorneys general to issue subpoenas or administer oversight around examinations ensuring compliance with state unclaimed property laws.
Spring Unclaimed Property Reporting Overview To help you prepare for the 2018 spring reporting season, we’ve put together a brief overview which covers the basics of unclaimed property that every company holding unclaimed property should review. For more information about the upcoming spring reporting season, watch the on-demand replay of our latest webinar. Watch the […]
Unclaimed Property Reporting Best Practices With escheat reporting being a year-round process, we wanted to share some unclaimed property reporting best practices to help keep your company in compliance. For even more information about unclaimed property reporting and compliance, watch the on-demand replay of our latest webinar which highlights: Unclaimed Property Reporting Best Practices Tips […]