{"id":1723,"date":"2020-10-22T12:50:02","date_gmt":"2020-10-22T18:50:02","guid":{"rendered":"https:\/\/www.tax.newmexico.gov\/individuals\/?page_id=1723"},"modified":"2025-05-22T08:56:39","modified_gmt":"2025-05-22T14:56:39","slug":"who-must-report-unclaimed-property","status":"publish","type":"page","link":"https:\/\/www.tax.newmexico.gov\/individuals\/learn-about-unclaimed-property-overview\/who-must-report-unclaimed-property\/","title":{"rendered":"Who must report unclaimed property"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” background_repeat=”round” custom_margin=”0px||||false|false” custom_padding=”0px||0px|||” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ _module_preset=”default” use_background_color_gradient=”on” background_color_gradient_stops=”#ffffff 0%|#dedede 100%” background_color_gradient_start=”#ffffff” background_color_gradient_end=”#dedede ” width_last_edited=”off|desktop” custom_margin=”0px||||false|false” custom_padding=”4px||4px||true|false” background_color_gradient_stops_tablet=”#ffffff 0%|#dedede 100%” background_color_gradient_stops_phone=”#ffffff 0%|#dedede 100%” border_width_all=”1px” border_color_all=”#c9c9c9″ global_module=”210″ saved_tabs=”all” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_dmb_breadcrumbs font_icon=”%%20%%” home_icon=”%%236%%” use_home_text=”on” home_text=”Individuals” use_home_url=”on” home_url=”\/individuals\/individuals\/” _builder_version=”4.16″ _module_preset=”default” body_text_color=”#282728″ separator_text_color=”#282728″ link_text_color=”#000000″ custom_padding=”0px||0px|15px|false|false” global_colors_info=”{}”][\/et_pb_dmb_breadcrumbs][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ specialty=”on” padding_top_bottom_link_2=”false” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Explore Section & Events” use_icon=”on” font_icon=”||divi||400″ _builder_version=”4.16″ _module_preset=”7b5e95ba-231a-438c-8dd9-6676746c29e6″ link_option_url_new_window=”on” global_colors_info=”{}”][\/et_pb_blurb][et_pb_sidebar area=”et_pb_widget_area_2″ _builder_version=”4.16″ _module_preset=”50d7f88b-470d-49c8-b370-96c4a9bca4df” saved_tabs=”all” global_colors_info=”{}”][\/et_pb_sidebar][\/et_pb_column][et_pb_column type=”3_4″ specialty_columns=”3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_row_inner _builder_version=”4.16″ _module_preset=”default” background_color=”#ffffff” custom_padding=”|20px||20px|false|false” global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_post_title meta=”off” _builder_version=”4.16″ _module_preset=”default” title_font=”|300|||||||” title_font_size=”50px” title_letter_spacing=”-3px” global_colors_info=”{}”][\/et_pb_post_title][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

Any person or entity in possession of property as specified by the\u00a0Uniform Unclaimed Property Act, (Sections 7-8A-1 through 7-8A-31 NMSA 1978)<\/a><\/strong>\u00a0<\/span>that belongs to another, or who is trustee in the case of a trust, or who is indebted to another person on an obligation subject to the Uniform Unclaimed Property Act, is a holder of unclaimed property and must report that property to the State of New Mexico.<\/h2>\n

All holders, whether located in New Mexico or in other states, must report to the State of New Mexico any unclaimed property they hold that is owed to New Mexico residents. New Mexico domiciled holders must also report all property where the owner\u2019s name and address is unknown. All business entities are responsible for filing reports on behalf of their branches, divisions or other affiliates.<\/p>\n

Information about other states and their unclaimed property reporting requirements can be accessed through the\u00a0<\/span>https:\/\/unclaimed.org\/<\/a><\/strong>.<\/strong><\/p>\n

If you have no unclaimed property to report, file an\u00a0<\/span>RPD-41205, Holder’s Negative Report<\/a><\/strong>\u00a0<\/em>on or before November 1 for property holders except life insurance companies. Life insurance companies should file the RPD-41205 on or before May 1.<\/p>\n

Failure to Report – Interest and Penalties<\/h3>\n

As prescribed by the\u00a0<\/strong>Uniform Unclaimed Property Act (1995) (Section 7-8A-1 to 7-8A-31 NMSA 1978, except 7-8A-10.1 NMSA 1978),<\/strong>\u00a0<\/span><\/a>penalties and interest may be charged to holders who fail to report or pay as follows:<\/p>\n