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Report unclaimed property
In Massachusetts, property becomes "unclaimed" when the owner can't be contacted for a 3-year period. Businesses must review their records every year for unclaimed properties. If any are found, they must make a report of them.
Contact for Report unclaimed property
Division of Unclaimed Property
Phone
Open Monday through Friday, 8:45 a.m.-5 p.m.
The Details of Report unclaimed property
What you need for Report unclaimed property
Holding companies attempt to contact the owners of a financial asset for them to claim the asset. If you have tried to contact the owner but have not been able to reach them, after 3 years of inactivity you must report the property to the state.
To submit an annual report of abandoned property in Massachusetts, you must first be registered as a holding company with the state. Please contact the Unclaimed Property Division at the following to obtain a Holder ID:
Telephone: (617) 367-0400 or
Email: UCPReporting@tre.state.ma.us.
There are specific annual reporting deadlines, depending on the type of holding company or the type of unclaimed property you are reporting and remitting.
Reporting Guidelines:
|
For Holder Type |
Period Ending |
Due Diligence |
Report and Remittance Due |
|
All Holders |
June 30 |
On or before September 1 |
November 1 |
|
Life Insurers |
December 31 |
On or Before March 1 |
May 1 |
|
Tangible Property |
June 30 |
On or before September 1 |
May 1–June 30 (The following year) |
How to report Report unclaimed property
- Prepare your unclaimed property report file—it must be in NAUPA II format.
- Go to the Massachusetts Unclaimed Property website, enter your Holder ID and submit an online AP-1 form of Holder information and a summary of all property being reported.
- Upload your unclaimed property report file.
- Preview your entries. (Note: you will be unable to submit online if your file is not acceptable—incorrect format or has other errors.)
- Click to “Submit” your report and file online.
To submit a report by mail:
- Obtain a report package from the Reporting Department of the state’s Unclaimed Property Division. Follow the instructions enclosed in the package.
- Fill out the paper AP-1 report form for Holder information and a summary of all property being reported.
- Prepare your unclaimed property report file CD—it must be in NAUPA II format. Paper reports or Excel files will not be accepted.
- Attach any other required documentation, as outlined in the report package instructions.
- Remit the property to the state, as directed in the package. Remittance may be in the form of a check to a bank, securities or mutual funds to a custodian broker, or make an appointment to deliver tangible safe deposit box contents.
Mail the forms and report file to the state, as directed in the report package.
Contact for Report unclaimed property
Address
1 Ashburton Place, 12th Floor, Boston, MA 02108
Phone
Open Monday through Friday, 8:45 a.m.-5 p.m.