Sovos.com
Contact SupportNovember 5, 2024
New and improved
- ReportMyUP only
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Due diligence letters are here!
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Get started by clicking Create letters on the Dashboard page. Or, go to on the side menu.
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Follow the 5-step process to create letters to send to property owners to notify them that you are holding their property. At the end of the process, you can download the letters in PDF format to mail to the owners.
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You can create letters for specific report years and states. Use the default settings to meet the minimum state requirements or customize the settings to meet your needs. Our letter template is compliant with all state requirements. Read more about state due diligence requirements.
Note:If your subscription is still in the 7-day free trial period, you can still start creating due diligence letters. However, you must activate a paid plan to finish the process. When you get to the pop-up, click Activate paid plan to create the letters and charge the card on file.
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After you create due diligence letters, you can view and download them on the Letter History page.
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We improved the validation and warning messages when managing your contacts. You can now see what information is missing or invalid when saving a contact and a warning message will pop up if you are abandoning unsaved changes.
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Regulatory updates
- ReportMyUP only
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Florida's new law for Spring 2025 reporting indicates that the aggregate reporting threshold is now $10.00. We updated this in Florida's Address Information section on the Compliance Resources page.
- We corrected the dormancy for North Dakota CK10 property.
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State Business category Property code Old dormancy (in months) New dormancy (in months) ND All except Government CK10 24 12 -
We reviewed and updated the "Field to Use" for several property codes. "Field to Use" denotes which data field, "Last Activity Date" and "Maturity Date", must be filled in with a trigger date for dormancy. Import and data entry validations have been updated to look for the new date field for these property codes.
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State Property code Description Field to Use AK IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date AZ CK16 CD INTEREST CHECKS Last Activity Date AZ IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date CA IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date CA SC19 DIVIDEND REINVESTMENT PLANS Last Activity Date CO IN03 DEATH BENEFITS DUE BENEFICIARY Last Activity Date DC IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date GA IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date IA IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date LA IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date MA IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date MN IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date MO IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date MS IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date NC IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date NH IN03 DEATH BENEFITS DUE BENEFICIARIES Last Activity Date NV IN03 DEATH BENEFITS DUE BENEFICIARIES Last Activity Date OH IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date OK IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date OR IN03 DEATH BENEFITS DUE BENEFICIARIES Last Activity Date RI IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date SD IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date SD SC02 INTEREST - BOND COUPONS Last Activity Date UT IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date VA IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date VT IN03 DEATH BENEFITS DUE BENEFICIARIES Last Activity Date WI IN03 PROCEEDS DUE BENEFICIARIES Last Activity Date WV IN03 AMOUNTS DUE BENEFICIARIES FROM LIFE/ ENDOWMENT POLICY OR ANNUITY Last Activity Date All States with this prop code SC18 Matured bond principal Maturity Date All States with this prop code IN04 Proceeds from matured polices, endowments or annuities Maturity Date - We updated the dormancy of bond type property for Montana.
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State Property code Business category Description Old dormancy New dormancy MT SC02 All except Government INTEREST - BOND COUPONS 36 60 MT SC03 All except Government PRINCIPAL PAYMENTS 36 60 MT SC14 All except Government DEBENTURES 36 60 MT SC18 All except Government MATURED BOND PRINCIPAL 36 60
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