Unclaimed property holder reporting seminars
Did you know that all organizations are required to report unclaimed property if they are unable to contact the owner? Common types of unclaimed property include uncashed checks, customer credits, inactive bank accounts, and unapplied deposits.
The Oregon Department of State Lands administers the state's unclaimed property law. Each year in the spring and summer, DSL offers specialized seminars to help businesses learn about complying.
Locations vary each year, but the content is identical at all seminars and includes:
- Unclaimed Property overview
- Preparing your report: when, what, where and how
- Common property types
- Recommendations for maintaining and updating your potential unclaimed items
- Internal control basics
- Due diligence and owner contact
- IRAs and similar retirement or special-purpose accounts
- Abandoned safe deposit boxes
- What to expect from an audit
- Record keeping requirements
- What to do if you get contacted or pay an owner after reporting
Each attendee receives informative course materials and handouts for each workshop.
All seminars are free.