Specifications include, but are not limited to: 2.2.1 Vendor shall undertake to identify and collect all types of unclaimed property from persons, firms and entities (“holders”), that have never reported, have been improperly reported to the Nevada Unclaimed Property Division, or are presumed to potentially have in their possession unclaimed property (“property”) that is subject to report and delivery under NRS 120A.; 2.2.2 The Nevada Unclaimed Property Division reserves the right to participate in or restrict its participation in an audit of any holder.; 2.2.3 The Nevada Unclaimed Property Division reserves the right to shadow the Vendor during any portion of a review performed on behalf of Nevada, given adequate notice.; 2.2.4 The Vendor shall provide a listing of all services offered to both state agencies and to the public at large. Within 30 days of any changes to these services, a notification disclosing the change must be sent to UPAudit@nevadatreasurer.gov. Based on these changes, the Nevada Unclaimed Property Division reserves the right to expand upon or withdraw from any active audits conducted by the Vendor.; 2.2.5 In conjunction with the identification and collection of property, the Vendor shall: 2.2.5.1 Audit the records of holders or potential holders to identify with specificity the unclaimed property that should be reported and delivered to the state.; 2.2.5.2 Advise holders that all property reported and remitted must conform to Nevada reporting requirements.; 2.2.5.3 Prepare and submit or assist in the preparation and submission to the Nevada Unclaimed Property Division reports of property in accordance with the requirements of the statute, NRS 120A and the Nevada Administrative Code (NAC) 120A and as stated in the agreed upon procedures. Fees assessed due to the holder’s non-compliance with report and payment submission requirements will not be waived.
