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Best Practices for Escheat Compliance: Ensuring Recipients Respond to Due Diligence Letters
April 1, 2025
Q. Currently, my team sends out letters from Tracker Pro, our escheat compliance software before we remit checks to each state. We find that a lot of the recipients of those letters do not sign or return required supporting documentation.
Any best practices or recommendations as to how other companies overcome recipients of these letters not completing the letter entirely and returning all the supporting documentation?
A.
(Answered by a member of IOFM's Advisory Panel)
We deal with this issue…
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