Unclaimed Property
NOTICE – CHANGES TO HOLDER REPORTING REQUIREMENTS
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CHANGE IN AGGREGATE reporting for all holders: The maximum value allowed to be reported in an aggregate total is now under $10.00 (changed from $50.00). Complete owner detail is required on all amounts valued at $10.00 and above.
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For holders reporting Individual Retirement Accounts (IRAs): On January 1, 2020, the Internal Revenue Service’s Revenue Ruling 2018-17 went into effect concerning withholding and reporting taxes with respect to payments from IRAs. Please see the link below for guidance from the National Association of Unclaimed Property Administrators (NAUPA).
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Electronic reports are required. Holders are required to submit an electronic report and upload it through the secure portal on our website. DO NOT send report detail on paper.
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For financial institutions reporting safe deposit box contents: Effective July 1, 2019, the Louisiana Unclaimed Property Act provides for the presumption of abandonment and transfer to the Unclaimed Property Division, "Military medals and all associated documents held in a safe deposit box or other safekeeping depository in this state". Please see Louisiana Revised Statutes, Title 9, Section 155.
Contact: 225-219-9400