New Hampshire Escheat and Unclaimed Property Laws
| State | Reporting Period | Deadline | Due Diligence | Negative Report | Voluntary Disclosure Agreement | Reporting Method | Remittance Method | More Information |
|---|---|---|---|---|---|---|---|---|
| New Hampshire | Life, Property and Casualty Insurance: January 1 to December 31 Others: July 1 to June 30 | Life, Property and Casualty Insurance: Before April 30 Others: Before October 31 | $50 minimum, written notice not more than 120 days prior to report filing | Not Required but recommended | Not Available | Electronic only, NAUPA II format, file extension: .txt, .hrs, or .rpt, submitted through online portal. Manual entry also available on the online portal. | Funds: Check, EFT Securities: DTC, DRS or DWAC | New Hampshire Unclaimed Property |
The current statutes that govern unclaimed property in New Hampshire can be found here along with the Reporting Guidelines. New Hampshire has not enacted the 2016 Revised Uniform Unclaimed Property Act (RUUPA).
New Hampshire Unclaimed Property Reporting Period
The annual reporting period for unclaimed property in New Hampshire is January 1 to December 31 for Life, Property, Casualty Insurance and July 1 to June 30 for all others.
New Hampshire Unclaimed Property Due Diligence Requirements
Holders of unclaimed property must perform due diligence to show that they attempted to find the rightful owner of unclaimed property. For any balance greater than $50, written notice must be sent to the owners last known address 60 to 120 days days before the unclaimed property report is filed. Keep records to prove that due diligence was completed including whether mail was returned as undeliverable.
New Hampshire Unclaimed Property Reporting and Remittance Deadline
Annual reports and remittances are due before April 30 for Life, Property, Casualty Insurance and before October 31 for all others.
New Hampshire Unclaimed Property Reporting Format
Reports must be electronic only and in the NAUPA II file format. File formats accepted are .txt, .hrs and .rpt. These formats can be generated through the HRS Pro software. The HRS Pro software has a limited free version that has restrictions including one user, one company and less than 100 properties per state report.
New Hampshire Unclaimed Property Reporting and Remittance Method
Reports can be submitted on on the state portal. Funds can be transferred online, through Check or EFT. Securities can be transferred through Depository Trust Company (DTC), Direct Registration System (DRS) or Deposit / Withdrawal At Custodian (DWAC).
New Hampshire Unclaimed Property Negative Reports
Negative reports refer to reports that need to be filed when there is no unclaimed property to report or remit to the state for the year. New Hampshire does not require negative reports but recommends them.
New Hampshire Unclaimed Property Voluntary Disclosure Agreement (VDA)
In some states, the unclaimed property Voluntary Disclosure Agreement (VDA) provides the opportunity for holders of unclaimed property to voluntarily report and remit past unclaimed property. If accepted by the state, the holder is then exempt from fines and penalties that cover the VDA period. The holder is expected to maintain strict compliance with state unclaimed property laws after the VDA period. VDAs are usually available on a one-time basis only to holders that are not already under state audit. New Hampshire does not have a VDA program.
New Hampshire Unclaimed Property Dormancy Periods
Dormancy periods for unclaimed property in the state of New Hampshire vary, refer to the state dormancy period in the Reporting Guidelines.
More information from the state of New Hampshire on unclaimed property reporting can be found here. Join our growing network of businesses that are using the Escheatify HolderExchange to prevent escheatment by reconciling their pre-escheat unclaimed property. Contact us to learn more.