Holders of Unclaimed Property are financial institutions, insurers, utilities, business associations, medical facilities, sole proprietors, fiduciaries, courts, public officers, government entities and all legal or commercial entities that must file a report with the Pennsylvania Treasury if they have reportable unclaimed property. Writing dormant accounts off into income does not negate the obligation to report and deliver unclaimed property. Under the Unclaimed Property Act, Holders have a duty to report property of value that is lost, forgotten, or held without activity by its rightful owner for a period of time defined by law.
If you are a holder of unclaimed property and have held the property for the required dormancy period, it must be reported. All reports should be electronic. For more information, please refer to our Holder Reporting Booklet which includes instructions for preparing and filing tangible and intangible unclaimed property reports.
Due diligence is not a requirement in Pennsylvania, however; it is recommended as a means of good customer service. Notices should be sent to customers well in advance of the April 15th reporting deadline.
A negative report is simple, one page report by a holder indicating they have no unclaimed property to report to the Pennsylvania Treasury. Negative reports are not statutorily required; however, since you have reviewed your books to determine no unclaimed property liability exists, we encourage you to take a few more minutes to file a voluntary negative report with Treasury. It is a quick and easy way to maintain a record of compliance with us.
The Bureau of Unclaimed Property encourages businesses to voluntarily comply with Pennsylvania’s Unclaimed Property Law by filing a report annually by April 15. For businesses that have never filed a report or may have overlooked certain property types, and would like to come into compliance, Treasury offers a Voluntary Disclosure Agreement to bring companies up-to-date with their annual filing while receiving a waiver of penalties and interest. Please note, this agreement must be signed by the business’ corporate officer and approved by Treasury prior to filing the report. This agreement is not needed if filing a negative report.
With this free software-as-a-service program, there is no software to install or maintain. ETM will provide FREE training and support for this program. ETM will email your encrypted report free of charge.
Securely upload your report using any NAUPA-formatted file use our:
All reports should be filed using electronic software. In the event that computer access is unavailable, you may mail a paper report with your remittance.
Email firstname.lastname@example.org for instructions on filing your payment electronically.
Please see contact information below for mailing instructions.
Commonwealth of Pennsylvania
101 North Independence Mall East
Philadelphia, PA 19106
Commonwealth of Pennsylvania
P.O. Box 783473
Philadelphia, PA 19178-3473