Specifications include, but are not limited to: 4.3.1 Identification and Collection of Unclaimed Property. The Auditor shall undertake to identify and collect from holders that are holding or in possession of unclaimed property subject to reporting and payment or delivery under the Act. In conjunction with the identification and collection of unclaimed property, the Auditor shall: (a) Obtain, inspect, and process records of unclaimed property obtained from holders and/or their agents; (b) Prepare reports of unclaimed property in accordance with the requirements of the Act, containing (as applicable and available) all customary reporting information to identify and describe the property, holder, and presumed owner, as well as any additional information as Treasurer may reasonably request; (c) Demand from holders, and/or their agents, payment or delivery to the Auditor the property determined to be reportable and remittable to Treasurer under the Act; and, (d) Forward the unclaimed property to the Treasurer or Treasurer’s designee. 4.3.2 Enforcement Efforts: If a holder fails or refuses to report and deliver unclaimed property, the Auditor shall advise the Treasurer of the holder’s refusal and thereafter reasonably cooperate with any additional enforcement activity pursued by Treasurer. 4.3.3 Joint Efforts with the Participating States: The Treasurer hereby acknowledges that the Auditor may perform the services contemplated herein concurrently on behalf of unclaimed property administrators from other states having similar requirements in connection with their respective unclaimed property laws.
