Online reporting is now an option for Illinois unclaimed property filers. After registering, holders can file reports with nothing to report (NTR) and reports with property. The process makes reporting completely paperless if you pay using ACH. For reports with property, holders will need to create a data file in the NAUPA standard for upload to our secure FTP site. The HRS Pro program is provided for creation of these files. To begin the Online reporting process, click here.
Any for-profit and not-for-profit business entities that conduct business in Illinois are required to report unclaimed property on an annual basis. If you believe your firm is not holding unclaimed property, the state requires you to file a negative report.
All business associations, utilities and life insurance corporations are required to file reports May 1 of each year. The report should reflect one year of account activity five years prior to the last calendar year. Example: if your report is due May 1, 2010, your report will cover activity from Jan. 1, 2004 through Dec. 31, 2004.
All banking and financial organizations, insurance companies (other than life insurance corporations) and governmental entities are required to file November 1 of each year. The report should reflect account activity for the one-year period five years prior to June 30 of the report year. Example: If your report is due Nov. 1, 2010, your report will cover activity from July 1, 2004, through June 30, 2005. Governmental agencies should use an abandonment period of seven years. Example: If your report is due Nov. 1, 2010, your report will cover activity from July 1, 2002, through June 30, 2003.
Examinations are scheduled when the Treasurer’s Office suspects a holder failed to report property as required by law. The examinations are conducted in compliance with Sections 23, 24.5 and 11.5 of the Uniform Disposition of Unclaimed Property Act and Section 180.90 of the Unclaimed Property Administrative Rules.