Holders that are not currently in compliance with North Carolina Unclaimed Property laws are encouraged to take the steps necessary to become fully compliant by participating in North Carolina's Voluntary Disclosure Program (VDP).
The objective of the VDP is to allow holders of unclaimed property to conduct a self-examination of their books and records to determine if they may be holding property which is past due and reportable to North Carolina, and to request to remit such property without being assessed interest or penalties.
Upon receipt of the VDP Request Form, a member of the Compliance and Audit Team will reach out to the Holder to request additional information. If the Holder does not respond within 30 days, the VDP request will be rejected.
Holder must complete the VDP process, including the submission of required reports and funds, within 1 year from the date the VDP Request Form was received. If not completed within this time frame, the VDP request will be rejected, and any past due property may be assessed late interest and penalties.
Please note: If requesting participation in the VDP, please do not submit an unclaimed property report until directed by the Unclaimed Property Division to do so.
Please visit the Voluntary Disclosure Program FAQs for more information.