The State of New Jersey’s Unclaimed Property Administration (UPA) is reminding 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. The state also requires that a negative filing be submitted if the holder does not have any unclaimed property to report.
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 and application.
For more information, you can visit the New Jersey Unclaimed Property Administration site here: http://www.unclaimedproperty.nj.gov/
If you have any questions or if you would like more information, contact Fred Schutz at (856) 722-5300 ext. 201 or Dave Gill at ext. 210.