A Holder is any organization who may owe money or property to an individual or business. When the holder cannot find the owner, the unclaimed property must be reported.
No. Negative reports are not required.
A positive report has a value greater than $0.00, and a negative report is a $0.00 report.
No, any abandoned refunds or credits held by a business must be reported as Unclaimed Property and turned over to the state.
Reports are due by November 1 of each year.
Yes, TCA 66-29-138(b) allows a holder to report before the statutory due date if due diligence requirements have been met.
There is no minimum, all amounts are reportable.
Yes, electronic reporting is required.
If you receive an error while uploading your file, you will need to make corrections before uploading the file again. A common error is not using the correct file format.
If your report has errors or warnings that can be accepted by the system, we will send you an email to notify you so you can make corrections on future reports. If the error is not correctable, we will reject your report and send you an email listing the errors. You will have to make the corrections and resubmit the report. Your may contact our office if you continue to have issues after attempting to correct the errors.
Yes. there may be sensitive PII on the downloaded error report; so proceed with necessary measures.
Yes, the file can have multiple reports.
Yes. Electronic payment is required. Holders have the option of paying by E-Check (ACH debit) or by credit card through ReportItTN.gov. The only other options are by Fed wire or ACH credit. You can make this request by emailing ucp.holders@tn.gov. If approved, you will be sent the Fed wire or ACH credit instructions.
Payments on a report that has been uploaded or entered manually using ReportItTN can be made by selecting the Submit Payment button under the Submit You Payment Online section on our website.
A debit-block may be on your account when the treasury attempts to pull the remitted funds, rejecting the transaction as an unauthorized debit. Contact your financial institutions prior to making payment and give them our company ID # u626001445 to allow the upcoming transaction.
Normally, payments should be processed within three to five business days of the transaction.