This webinar will provide some insight and cover general information about Unclaimed Property.  You will learn how to report unclaimed property and get updated on what is new in reporting requirements. This class will also cover the State’s authority to audit, as well as what to expect in and how to prepare for an audit. 

The webinar will also cover recent Louisiana laws:

• To help banks with selling/disposing of abandoned contents from drilled safety deposit boxes, see Act 236: https://legis.la.gov/legis/ViewDocument.aspx?d=1182290. Effective  August 1, 2020.
• In 2015, updated law on presumption of abandonment to include certain types of activity that a customer may conduct that a bank could use to determine that the account was not abandoned. See R.S. 9:154(D)(3) and (5): https://legis.la.gov/Legis/Law.aspx?d=106699.