Banks and credit unions are heavily impacted by state unclaimed property laws.
Savings and checking accounts, CDs, safe deposit contents and uncashed official bank checks are among the most common forms of unclaimed property. All financial institutions have a legal obligation to track owner activity (or lack thereof), attempt to locate the owners of abandoned assets and reestablish contact, and report/ remit the assets if the owner cannot be located.
- Legal and reputational risks associated with unclaimed property
- How other industries utilize location services to retain assets and reduce escheatment
- What the states consider owner activity, including linkage
- Obtain updates on pending litigation and proposed law changes
Pamela Wentz, National Practice Lead, Unclaimed Property Consulting - Georgeson
Dana Terry, Unclaimed Property Consulting Director - Georgeson