Program, which we administer, represents an initiative
by state unclaimed property programs to greatly
simplify the reporting process, encouraging companies
that have not previously reported (or reported comprehensively)
to achieve compliance.
The Unclaimed Property Clearinghouse takes in all types of records
and prepares unclaimed property reports conforming to
the respective requirements of each state.
Following review by the company, the Unclaimed Property Clearinghouse
collects and reconciles the unclaimed property.
Property is then disbursed, and the state
specified reports are delivered securely.
Preparing a company’s initial reports of abandoned
property would be at no charge to the company. We can also produce no-cost
supplemental reports where a company previously
failed to report all past-due property types, or report property to
The states additionally promote
compliance through granting relief from interest and
penalties for late reporting. Virtually all of the states contracting with the
Unclaimed Property Clearinghouse will waive interest and penalties that might otherwise
be due from companies that are late in filing, but agree to
voluntarily come into compliance.
There are many benefits to compliance.
More than 18,000 corporate entities have
worked with us to achieve compliance since our establishment
For more information about the Compliance Program contact :