It's that time of year for organizations - called holders - to review their records and finish the required due diligence to owners before the reporting deadline of Nov. 1, 2009. Efforts to locate owners before reporting (due diligence) should be completed no later than Sept. 2.

New this year: reports with more than 15 properties need to be filed electronically. Free reporting software, HRS PRO will help you prepare your report. We encourage all holders to report electronically. It's easier, more accurate, and your reporting files can be kept electronically. In addition, the HRS Pro software has built-in features to assist you with due diligence.

A Holder's Report of Unclaimed Property is the beginning of a cycle that ultimately returns property to its rightful owner. This reunion can occur simply by typing a name into a computer and matching an address, account number or Social Security number. However, without this vital information, the search for a missing owner becomes more difficult and complex. Much depends on the holder and their compliance with reporting all available and pertinent information.