Blog Posts by "Tim G"
Hawaii Unclaimed Property Law Changes
Posted on Aug 21, 2012 by Tim G. |
Many would say…for the better. Act 229 made significant revisions to Hawaii’s unclaimed property law; these changes became effective July 1, 2012. Notably, the dual (preliminary & final) reporting process was ditched in favor of a single report that is now due on or before Nov. 1...
Tagged: hawaii abandoned property, hawaii escheat, hawaii unclaimed property, property locators
Iowa Offers Amnesty for Unclaimed Property Reporting
Posted on Jul 16, 2012 by Tim G. |
The State Treasurer of Iowa announced that he is offering amnesty for unclaimed property holders to make good on any unreported obligations. The Program is effective July 1, 2012 through November 1, 2012. Eligible holders will be greanted a waiver of interest and penalties on any late-reported ...
Tagged: iowa unclaimed property, iowa escheat, iowa amnesty, unclaimed property voluntary disclosure
New Jersey Gift Card Update – SB 1928 Signed Into Law
Posted on Jul 10, 2012 by Tim G. |
On Friday June 29, 2012, after much discussion and intense lobbying, New Jersey Governor Chris Christie signed Senate Bill 1928 into law. This bill modifies the highly controversial New Jersey unclaimed property law affecting gift cards that was adopted in 2010. The 2010 law required retailers ...
Tagged: new jersey gift cards, new jersey escheat, new jersey unclaimed property, gift card legislation
New York Abandoned Property - Life Insurance Legislation Update
Posted on Apr 27, 2012 by Tim G. |
Both houses of the New York legislature are currently working on two bills that will increase the unclaimed property compliance burdens on life insurance providers. Through A.B. 9845 and S.B. 6943, the state aims to tighten the requirements of locating beneficiaries as well as providing for more...
Tagged: new york escheat, life insurance escheat, metlife escheat, unclaimed property compliance
