ME LD1969

Adds "virtual currency" as a new category of unclaimed property, defined as digital representations of value used as a medium of exchange (excluding game content, loyalty programs, and gift cards), with a 5-year abandonment period and requirement for holders to liquidate within 30 days before reporting

Simplifies abandonment timelines for tax-deferred and tax-advantaged retirement accounts to 3 years after a required distribution date under IRS rules or 3 years after the apparent owner's death

Prohibits holders from deducting escheat fees, unclaimed property reporting fees, or similar charges solely because property becomes subject to reporting under the Act

Requires holders of presumed abandoned property to hold it in trust for the State on behalf of missing owners as of May 1st (insurance/stored-value) or November 1st (all other property types), making such property not part of bankruptcy assets

Strengthens confidentiality protections for unclaimed property owner data and examination records, including work papers compiled by the administrator or third-party auditors