What is Unclaimed Property?
Unclaimed property consists of many types of intangible and tangible properties that have remained unclaimed by its rightful owner for a specific period of time. The abandonment period for each type of property is defined by New Jersey's Unclaimed Property Statute, N.J.S.A. 46:30B 1-109, et.seq.
When is property considered abandoned?
There are many different types of property and the abandonment time frame is dependent on the property type. Please refer to the UPA’s Unclaimed Property Abandonment Table .
Does the UPA have a Voluntary Disclosure program?
Yes, please visit the Voluntary Compliance Program page for more details.How do I acquire a list of all the unclaimed property the Unclaimed Property Administration (UPA) is currently holding?
Any data requests must be submitted through the Open Public Records Act (OPRA). An OPRA request can be filed through the state's OPRA web site. It should be noted that per State Statute (N.J.S.A. 46:30B-76.1) the UPA is only permitted to release the name and reported address of property owners.
How does a Holder submit an unclaimed property report?
Holders should submit reports through the Online Holder Reporting Application . The State of New Jersey accepts NAUPA Standard Electronic File Format with the following file extension names: .HRS, .RPT or .TXT. The UPA no longer accepts HDE files.
Are there instructions on how to report unclaimed property to the State of New Jersey?
Yes, you can obtain reporting instructions through our website. Please visit the Reporting Information page on the UPA web site.� This page provides reporting guidelines and instructions on various aspects of the reporting process.
What is the cutoff date and when are reports due?
Reports containing personal property must be postmarked before November 1st covering the previous reporting cycle (July 1st through June 30th). Reports containing life insurance property must be postmarked before May 1st covering the previous reporting cycle (January 1st through December 31st).
If the report deadline falls on a weekend or holiday, when is the report due?
The report postmark is due on the next business day when the due date falls on a weekend or holiday.
Can I file an extension to report?
Yes, you may complete the Extension to File form and email it prior to the reporting deadline. Remember that this extension only provides additional time to report the properties. The UPA does NOT provide an extension to remit funds. In the event you need an extension and are unsure of your unclaimed property obligation you must make an estimated payment to avoid interest assessed for late reporting. Any overpayment will be returned after the report is successfully filed.
Does NJ require electronic reports and is there a specific format for electronic report files?
Yes, New Jersey requires electronic reports to be submitted through the State’s Online Holder Reporting Application . The State of New Jersey accepts NAUPA Standard Electronic File Format with the following file extension names: .HRS, .RPT or .TXT. The UPA no longer accepts HDE files.
How do I submit a negative report?
The UPA only accepts negative reports through our Online Holder Reporting application and does not require a file to be created. Negative Report filing is optional.
How do I remit a payment?
Holders may submit payment online by using the UPA’s online eCheck/ACH payment service. There is no fee for this service. If you wish to pay via check, please make the check payable to “Treasurer, State of New Jersey,” print the Holder Report Summary and mail to:
NJ Unclaimed Property Administration
PO Box 214
Trenton, New Jersey 08625-0214
If you wish to pay via wire, please see the UPA’s Wire Instructions .
How do I file for a Reimbursement of property either reported in error or to recover property paid to the owner?
Please visit our Holder Reimbursement web page for instructions on how to file for reimbursement.
How do I deliver the securities (shares)?
Securities may be delivered as a physical certificate registered in the name of 'Neary Penco' and submitted along with the report or may be delivered electronically via DTC (see instruction in Holder Packet titled 'Delivery of Stock Securities''). The Holder must report DRP accounts as whole shares. Fractional shares must be sold for each individual and the CIL reported for each as SC09. Mutual Funds must be liquidated and the cash proceeds reported as SC16.
Are aggregate properties accepted and what is the aggregate amount report limit?
Properties less than $50 may be aggregated and accumulated to a single property record for the same property type code. If there are several different aggregate property types being reported there must be a separate aggregate property record for each different property type. The Holder is required to maintain the aggregate detail in order to authorize payment from a specific aggregate. Certain property type codes cannot be aggregated (see N.J.S.A. 46:30B-47).
How do I report Safe Deposit Box contents?
Safe Deposit Box/Tangible Property reporting instructions can be found our reporting safedeposit boxes/tangible property page.� Reports are due to the Unclaimed Property Administration no later than November 1st covering the same reporting cycle as personal property. When reporting safe deposit box contents it is required that the Holder creates a separate report exclusively for the reporting of these safe deposit box contents and any resulting cash.
I have loaded my report online. However, the payment will be sent via Fed Wire Transfer. Do I need to mail a payment voucher?
No, but the Holder should email both email@example.com and firstname.lastname@example.org notifying them of the amount and date of the wire.
What is a negative report? And are negative reports required?
A negative report is an annual report submission made by the Holder even though the Holder is not reporting or remitting any unclaimed property for that report year. Although not required, filing a negative report is recommended if you typically report unclaimed property to New Jersey. A negative report confirms that you reviewed your accounting for unclaimed property for that report year but did not identify any. The Unclaimed Property Administration only accepts negative reports through its Online Holder Reporting application.
Do reports need to be notarized?
What is the due diligence requirement?
If the abandoned property is $50 or greater a due diligence letter must be sent via certified mail return receipt requested to the apparent owner at the last known address not more than 120 days and not less than 60 days prior to the report submission. Please refer to statute N.J.S.A.46:30B-50 for further information.
Do Holders submit proof of Due Diligence Mailings?
No, the Holder must retain the evidence in their records.
Are Holders permitted to deduct mailing expenses from the report?
No, the Holder may not deduct any mailing expenses of any type from the report remittance.
Are business to business transactions exempt from the Unclaimed Property Statute?
No, business to business transactions are covered under the State of New Jersey's Unclaimed Property Statute.
Can a Holder file a report monthly?
No. An unclaimed property report is submitted once annually. If the Holder has additional property to report, a supplemental report may be submitted but the Holder must identify the second report as a supplemental report.
Are owner social security numbers required to be reported on the Owner Information?
Yes, social security numbers are required if the Holder has the information in the records.
Can a Holder obtain a prepared W-9 Taxpayer Identification Number and Certification form from NJ Unclaimed Property?
Yes, please see W-9 Request for Taxpayer Identification Number and Certification form.
Is there a minimum amount for reporting unclaimed property?
Does NJ Unclaimed Property have reciprocal agreements with other states?
No, NJ does not have reciprocal agreements with any other state.
Are Holders domiciled outside of NJ required to report unclaimed property to NJ?
Yes, when the owner's last known address is listed in NJ.
Are Holders permitted to use industry sources/agencies to create and/or report their unclaimed property?
Yes, although the Holder is responsible for reporting compliance.
Will Holders receive a confirmation that their unclaimed property report has been accepted?
Yes, Holders will receive a Holder Report Summary after the report upload is complete.