NPG creates a partnership with Linking Assets Inc. and DMA to bring owner location and escheatment solutions to your bank or credit union.
Why Be Concerned About Unclaimed Property and Escheatment?
Nearly 70% of financial institutions are not fully compliant with Unclaimed Property laws – audits have increased dramatically, and financial institutions are at a greater risk of fines and penalties. With NPG by your side, we can help you retain assets and reduce your risk of non-compliance.
NPG Unclaimed Property Compliance Services, Training, and Tools
NPG connects you with owner location and escheatment experts. Linking Assets Inc.’s customer and member location and reengagement services will help your bank or credit union retain lost and dormant owners.
DMA’s Unclaimed Property Compliance Services can manage the entire unclaimed property life cycle, relieving your organization of these complex, resource-intensive tasks, allowing you to focus on your core business priorities. Starting with identifying the unclaimed assets on your records, DMA’s knowledgeable professionals also assist organizations with the complex escheatment process, providing jurisdictional knowledge and monitoring legislative and other changes impacting escheatment. Their experts are well-versed in the various state criteria for identifying and reporting unclaimed property, as well as the differing industry-specific requirements and rules for submission and formatting of reports. DMA works with clients to document and support all due diligence efforts, prepare filings in each state-mandated format, maintain copies of all reports and supporting documentation, and protect funds until they are reported and transferred to the state.