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Is a negative report of unclaimed funds required?

April 26, 2017funds negative report unclaimed

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Is a negative report of unclaimed funds required?

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A. If a diligent search has shown that the company is not holding any unclaimed funds or if all dormant accounts are eliminated as a result of the company’s research and due-diligence mailing of the OUF-8 Notice of Unclaimed Funds, they must file a Negative (NONE) Report. The Negative (NONE) Report may be filed either using the OUF-1 Annual Report of Unclaimed Funds form or electronically through the Ohio Business Gateway. See the Annual Unclaimed Funds Review Guidelines in the Annual Report of Unclaimed Funds Forms, Instructions and Information booklet for more information about filing a Negative (NONE) Report. The negative reporting requirement is required by section 1301:10-3-03(B) of the Ohio Administrative Code.