What Are Holders of Unclaimed Property Required to Do

question 197

Multiple Choice

What are holders of unclaimed property required to do?

• A) Mail a notification to customers whose accounts may escheat to the state
• B) Charge customers "inactive/unclaimed" fees for accounts that are dormant
• C) Publish in a local paper the owners' names of accounts that will escheat
• D) Discontinue paying interest on dormant accounts

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Definitions:

Product Mix

The total range of products or services that a company offers to its customers.

Electronic Retailer

A business that sells goods or services over the internet, allowing customers to shop online from a website or mobile app.

High-Tech Gadgets

High-Tech Gadgets refer to advanced technological devices designed for specific functions or tasks, often featuring innovation and connectivity.

Product Line

A group of related products marketed under a single brand by the same company.