- Annual notification to Corporations New
- Annual notification to Utility Companies New
- Annual notification to Courts New
- Annual notification to Banks Updated 2/23
- Annual notification to Insurance Companies Updated 2/23
- Update to Gift Card Requirements Fees and Expiration Dates
- Notification on ticket sales
- New Electronic Reporting Method for Abandoned Property
Update to Gift Card Requirements Fees and Expiration Dates
Senate Bill 3467 (Assembly Bill 4629) was signed into law by Governor Hochul on December 10, 2021, to be effective on December 10, 2022. The bill amends General Business Law §396-i by further expanding upon the types of fees a merchant may not charge in connection with a gift card and extending the permitted expiration date of certain gift cards and certificates. Gift cards and certificates, other than promotional gift certificates, may still have expiration dates but may not expire earlier than the later of nine years after the date of issue or the date on which funds were last loaded. Be mindful that the dormancy period under the Abandoned Property Law has remained unchanged at five years. Regardless of expiration dates, these items are reportable as unclaimed funds once they meet the five-year dormancy period.
Submit Excel-formatted Report of Abandoned Property via Secure File Upload
Upload your abandoned property report using Excel format via secure file upload. Complete the preformatted spreadsheet, then upload the report details. The uploaded report combined with your Electronic Verification and Checklist (EVCL) and an ACH transfer; eliminates the need to mail anything in.
Email [email protected] to request a username and password.
