Unclaimed
What team closes or moves the funds for TR04 or MS01-11 properties?
Corp Accounting
Minimally, how many times do properties get reviewed prior to escheatment?
Four
What team closes IRA's?
Special Processing
Do we charge a penalty when closing a CD?
No
Who closes out World Market Accounts?
World Markets
What constitutes as contact?
mail, fax, email, phone conversation, or any active account the customer owns, separate from the dormant account.
This team is responsible for updating UP in regard to Escrow or Corporate accounting properties.
Corp Accounting
Call any client with a balance of $______ or more.
$2,500.00
What kind of accounts begin with 0280?
Asset Manager
What is an asset manager account?
This is a domestic account for a world market container for when the funds are ready to be converted.
These states require preliminary reports
Puerto Rico and California
What type of account is an AC03?
Certificate of Deposit
A property code MS17 is
A world market metals account
A TR04 is what type of property?
Escrow Refund check
An MS01 - 11 are what types of properties?
Corp Account Refund Checks
This code is how we know the type of of owner to the property
Relationship code
These states require Certified Mail
Ohio, New York and New Jersey
If you are researching an 0280 account, what other system do you need to check for contact and why?
T24 to see the LCD for the container
When a SharePoint for Due Diligence is created, what gets attached?
• Copies of letters sent.
• Copy of email approval for search letters
• Excel used to create letters.
• For those states that require certified letters, include the receipts for mailing.
What are the three due diligence requirements for New York?
1. Due diligence letters
2. Certified due diligence letters for properties over $1,000.00
3. Publishing requirement by 8/31 with proof provided to the state by 9/10
When do the funds for checks get placed in GL 28115?
When the check is worked in the stale dated check process.
This states properties must be advertised no later than 8/31.
New York
This should be used as a reference guide when contacting property research, before sending out due diligence letters, and before escheatment.
Legal Survey
IRS regulations require a 10% federal withholding at escheatment for these types of accounts.
IRA
What newspaper do we use for publishing?
New York Post