New Jersey Unclaimed Property Holder Reporting Reminder
• Negative Reports are Required – All businesses that are either incorporated in New Jersey or have a business presence in New Jersey are required to file negative reports (reports with no property) when there is no property to report or remit for that given year. All Negative Reports must be submitted using the Online Holder Reporting application. This provides the UPA with a confirmation that Holders performed their due diligence in reviewing their books to ensure there are no unclaimed property obligations. Due Diligence Reminder If the amount of the unclaimed property is $50 or more, the holder shall send a certified letter with return receipt requested (R.S.46:30B-50) to the apparent owner at the last known address. This notice should inform the owner that the holder is in possession of unclaimed property that will be turned over to the State Treasurer unless the owner claims it from the holder before the report is filed. This notice to apparent owners should be mailed not more than 120 days nor less than 60 days before filing the report. All Holders are strongly advised to add the www.missingmoney.com web address in all correspondence to owners. Do not refer property owners to the UPA before Nov. 1. Unclaimed Property Resources: UPA Website (bookmark for future reference) Frequently Asked Questions ACH Wire Instructions Broker Reporting Instructions Mutual Fund Reporting Instructions Dividend Reinvestment Plan (DRP) Instructions Stock Delivery Instructions
The State of New Jersey’s Unclaimed Property Administration (UPA) would like to remind all businesses with an operating presence in the State of New Jersey of their obligation to report abandoned or unclaimed funds to the UPA. Property deemed abandoned as of June 30, 2017, should be reported and remitted by no later than Tuesday, October 31, 2017. Please save this email to use as a reference tool when creating and submitting your 2017 report. Important Reporting Information • Online Reporting is Required – The UPA Online Holder Reporting application allows the business community to create an account, submit annual reports, and remit unclaimed property funds to the State. The UPA requires all Holders to utilize the online system. • NEW - Manual Reports Can be Easily Created Electronically – For reports where only a nominal amount of properties need to be reported, businesses are now required to create their report using HRS Pro’s “Create Manual Report” option. This is fast, easy, and replicates the previous process of filling in UP-1 and UP-2 forms. Visit Conduent’s HRS Pro* website, register as a new user, and follow the instructions to create a manual file. When logged into your account, you can access an FAQ section that supports this tool. Once an electronic report is created, simply select the option to create a NAUPA file, log into the UPA’s reporting application, upload the file, and make your payment. Important: Forms UP-1 and UP-2 are no longer necessary. The application can be found here: UPA Holder Reporting Application .
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