The Delaware Department of Finance has begun mailing letters entitled “Notice Requesting Verified Report for the Report Year 2019” to companies that have previously submitted unclaimed property reports to the state of Delaware but did not submit a report on March 1, 2020.
The letter requests that the company submit the following documentation to the Department of Finance, within 30 days of the date of the notice:
- A completed Form of Verified Report for Report Year 2019, as well as a list of legal entities included in the report; and
- A copy of the company’s unclaimed property policies and procedures.
If a company did not have unclaimed property to report in the 2019 Report Year, the state nevertheless requests that the company confirm this information by returning the a Verified Report form even though under Delaware law, negative (or “zero”) reports are not required (22 DE Reg. 851, § 2.6.2).