NC H257

Restricts public inspection of escheat fund records to only information the State Treasurer submits annually to clerks of superior court, protecting privacy of unclaimed property owners.

Eliminates the $10.00 processing fee that holders previously paid when requesting extensions to file unclaimed property reports.

Replaces affidavit requirements with electronic certification and verification procedures for holders filing unclaimed property reports electronically.

Expands the definition of "property" subject to escheat to include money or tangible personal property physically located in safe deposit boxes or other safekeeping depositories held by financial institutions in North Carolina.

Becomes effective upon enactment and applies to all reports filed or records created on or after the effective date.