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Consumer Credit Balances reporting timeline:
November 15 Send a notice by first-class mail to all owners with a valid address.
December 15 Send a notice by certified mail to owners over $1,000 who did not respond to the first notice.
December 31 Determine which accounts are dormant for the Consumer Credit Balances industry abandoned property reporting cut-off date.
February 15 Ensure your final report, including account and owner details, remittance and Verification and Checklist (VCL) (AC2709) is received by our office.
Watch our eLearning videos for help with completing and filing your report. |
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Important Details
- Use property type code 1H or CK12 to report unclaimed credit card accounts balances.
- Do not use property code ZZZZ or MS16 for miscellaneous property if reporting in NAUPA format. MS16 is only a valid code when reporting property subject to APL Article III, Lost Property - Cash Only. Property type code ZZZZ should only be used for reporting interest due if your report was or will be filed late.
- Using a New York format for reporting unclaimed funds? Move to NAUPA format before filing your next report! NAUPA will be the required format in 2025, so prepare early.
When preparing and submitting reports, keep in mind the following:
- A request for an extension of time must be received by our office 30 days prior to the due date of the report. See our Extension Request Form for details.
- The Federal Employer Identification Number (FEIN) of the reporting entity must be provided, without hyphens, in the appropriate field(s) on the VCL/EVCL or report fields when submitting your report.
- Submit all unclaimed funds due for a specific industry reporting period on a single report. Only report property that has reached dormancy by the industry cut-off date. Do not submit prior to the cut-off date.
- Provide the Dormancy Begin Date (Starting Transaction Date in NAUPA) for all property that appears on the report.
Click on the Links below for Additional resources:
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