UNCLAIMED PROPERTY ADMINISTRATION (UPA)
PERSONAL CLAIM DOCUMENTATION DETAILS
If you placed a claim on property that is in your name, you might be requested to provide specific documentation that proves your identity and/or that the property belongs to you. The documentation below are examples of the types that may be requested. Please do not provide the UPA with any documentation unless it is request by the UPA through formal correspondence (claim packet).
Types of Documentation Requested (click to expand and close)
As part of the claim documentation process, the UPA needs a clear photocopy of your personal identification card. This form of ID must contain a photo and a signature. Examples of acceptable documents proving your identification are, but not limited to:
As part of the claim documentation process the UPA needs a clear photocopy of a document that contains both your name and your complete social security number (SSN). Examples of acceptable documents proving your SSN are, but not limited to:
Social Security Card
Formal correspondence from the Social Security Administration
Proof that you either resided or did business at the ‘Original Owner’s Address as Reported’ listed in the Property Detail section of your claim packet. Examples of acceptable documents proving your connection to the reported address are, but not limited to:
If the property listed in the Property Detail section of your claim packet has multiple owners, then all owners must sign the claimant information page(s). You must also provide Official Identification documentation and Proof of SSN for all of the owners listed.
In the event the multiple owners are unable to sign the Claimant Information page, please contact your assigned Claims Investigator.
If your name is different from the name listed in the property description on the claim packet provide us with proof of your name change. Examples of acceptable proof of name change are, but not limited to:
Submit the original bond/coupon that is listed in the Property Detail section on the enclosed claim packet. Only the original bond/coupon, not photocopies, will result in a successful claim submission. Bearer bonds are similar to currency/cash, they can only be redeemed when the original instrument is present.
Provide the original stock certificate(s) or an original statement. If you’re sending the original statement, make sure the statement clearly displays the amount of shares you’re attempting to recover.
Submit the original document for the property that is listed in the property detail section of your claim packet. For example, if the property you’re claiming was an old savings account we would need the original bank issued savings booklet. If the property you’re requesting was an uncashed check, then we would need the original check that was issued.
If the value of any individual property is $50,000.00 or more and claimant does not have the original instrument then claimant must obtain a Bond of Indemnity. Bond of Indemnity is an indemnification agreement filed with one of our approved Bonding Companies listed below. a Surety Company. An Indemnity bond will relieve the State of New Jersey from any liability if a superior claim should be made on the same property. For further instructions for obtaining a Bond of Indemnity please contact your assigned Claims Investigator.
Your shares have been liquidated pursuant to NJSA 46:30B-72:
Securities to be held one year before sale; rights of claimant if securities sold before or after end of one-year period. Unless the administrator considers it to be in the best interest of the State to do otherwise, all securities presumed abandoned under Article 10 of this chapter and delivered to the administrator shall be held for one year before the administrator may sell them. If the administrator sells any securities delivered pursuant to Article 10 of this chapter before the expiration of the one-year period, any person making a claim pursuant to this chapter before the end of the one-year period is entitled to either the proceeds of the sale of the securities or the market value of the securities at the time the claim is made, whichever amount is greater, less any deduction for fees pursuant to R.S.46:30B-75. If the value of the securities is less than the cost of re-registration, then the owner shall have the option to pay the re-registration fee and receive the security or be paid the present value of the security. A person making a claim under this chapter after the expiration of this period is entitled to receive either the securities delivered to the administrator by the holder, if they still remain in the hands of the administrator, or the proceeds received from sale, less any amounts deducted pursuant to R.S.46:30B-75, but no person has any claim under this chapter against the State, the holder, any transfer agent, registrar, or other person acting for or on behalf of a holder for any appreciation in the value of the property occurring after delivery by the holder to the administrator.
This claim involves securities held in the unclaimed property portfolio. You must check either “Re-Registration” or “Sale” on the property detail section of your claim packet. If you re-register your securities, you may receive a physical certificate for your share(s) or you may receive a statement as evidence of ownership. The company or its transfer agent will then hold your securities in book entry form. Once you receive the statement, you may contact the agent for any further transaction regarding your shares.
Provide an order commanding a judgment debtor to turn over assets to a judgment creditor. Order must indicate the amount to be turned over and must also direct the ‘NJ Unclaimed Property Administration’ the responsible party to pay the unclaimed property to the creditor.