Arizona Requests Preliminary Reports on Short Notice, But Filing Remains Voluntary
Arizona sent holders a voluntary request to file preliminary unclaimed property reports by July 4, 2026 — 120 days early. Here’s what it means and whether you need to act.
New York Unclaimed Property: Key Rules, Deadlines, and What Holders Get Wrong
New York is one of the most consequential jurisdictions in the United States for unclaimed property compliance. It is home to some of the country’s largest financial institutions, insurance carriers, publicly traded corporations, and transfer agents. It has a dedicated enforcement office with an active audit program. And it operates under one of the older, […]
I Received a Letter from Dunbar About Unclaimed Property — What Happens Next?
You got a letter from Dunbar. Maybe it was about a forgotten bank account. Maybe it referenced a deceased family member’s insurance policy. Maybe you don’t know exactly what it is yet. Whatever the case, you’re probably wondering: **Is this real? What do I do with this? What happens if I respond?** We’ll walk you […]
Is Dunbar Legitimate? Here’s What You Need to Know
If you received a letter, phone call, or email from Dunbar about unclaimed property — and your first instinct was to Google “is Dunbar legitimate?” — you’re in good company. That reaction is smart. Scams involving unclaimed property are real, and healthy skepticism protects you. So let’s address it directly: **Yes, Dunbar is a legitimate […]
Unclaimed Property for Financial Institutions: What Banks, Credit Unions, and Brokerages Need to Know
Unclaimed property compliance is a universal obligation for businesses operating in the United States, but it is not a uniform one. The specific exposure profile, the complexity of the regulatory requirements, and the audit risk landscape vary significantly by industry, and financial institutions sit near the top of that risk spectrum. Banks, credit unions, and […]
Understanding Unclaimed Property: What It Is, Examples, and Why It Matters
When companies and individuals forget about financial assets or lose track of funds, those assets can become what the law calls unclaimed property. At its core, unclaimed property refers to money or assets that have been inactive for a prolonged period and whose rightful owner has not come forward to claim them. These assets are […]
Completing Due Diligence: Tips for Maximizing Response Rates and Ensuring Compliance
Unclaimed property reporting is a necessary and often complex process for business owners. One of the critical steps in the unclaimed property process is conducting due diligence, which involves performing outreach to property owners before reporting their assets to the state. At its core, due diligence is an effort to reunite the rightful owner with […]
What to Expect and How to Minimize Risk of an Unclaimed Property Audit
Unclaimed property audits are a growing concern for business owners across various industries. As states become more vigilant in enforcing compliance with unclaimed property laws, audits are on the rise, and the consequences of non-compliance can be severe. It is increasingly crucial for business owners to understand the audit process and take proactive steps to […]
Balancing Compliance and Security: Best Practices for Storing Unclaimed Property Records and Protecting Customer Data
Navigating the unclaimed property reporting process requires meticulous record-keeping and strict adherence to regulatory requirements. However, storing these records is a significant responsibility: safeguarding sensitive customer information from data breaches. Balancing compliance and security for businesses reporting unclaimed property is challenging but essential for maintaining trust and avoiding costly penalties. Thus, they must discover and […]
Mastering Multi-State Unclaimed Property Reporting
Navigating the complexities of unclaimed property reporting across multiple states can be daunting. With varying regulations, deadlines, and reporting requirements, ensuring compliance can quickly become overwhelming for any business. It’s clear that reporting unclaimed property requires meticulous attention to detail and a significant investment of time and resources. However, by employing effective strategies and considering […]
