Unclaimed property holder education

Course descriptions

General businesses

This free workshop provides reporting basics for accounting employees new to unclaimed property or anyone who would like to refresh their knowledge of this specialized area. Topics include:

History of unclaimed property
Purpose and benefits of the Act
Common property types
Dormancy periods
Due diligence requirements and tips
Preparing your report – when, where, and how
Common reporting and remitting errors
Electronic reporting
Developing an effective unclaimed property accounting system

Financial institutions

This free workshop covers subjects of interest to the banking community such as:

History and reporting basics
Property types and issues unique to financial institutions
Aging and controlling inactive customer accounts
Inactivity charges and ceasing interest
Time Certificates, IRAs, Keoghs and Special Designation Accounts
Positive owner contact and notifying owners of account changes
Abandoned safe deposit boxes
Audit process

Government agencies

This free workshop covers subjects unique to government agencies. State, county, city, and quasi-municipal organizations are encouraged to attend. Topics include:

History and reporting basics
Property types and issues unique to government agencies
What to report and what to remit
Exemptions from reporting
Unredeemed bonds and interest payments
Gift certificates and safe keeping items
Records retention and liability for “reported only” property
Customer credits
Unidentified receipts
Audit Process