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How to fill out the VA Performing Due Diligence online
This guide provides clear and supportive instructions on how to complete the VA Performing Due Diligence form online. Following these steps will help you ensure compliance with Virginia law regarding unclaimed property.
Follow the steps to fill out the VA Performing Due Diligence form effectively.
- Press the ‘Get Form’ button to access the form and open it in your preferred online environment.
- Review the form's instructions carefully to understand the requirements for performing due diligence. Make note of the deadlines, particularly the requirement to conduct due diligence at least 60 days before filing your report.
- Fill in the relevant details about the property owners, including their last known addresses, to which you will send notifications regarding the unclaimed property.
- Draft a written notice to the owners, informing them of the potential reporting of their property as unclaimed. Ensure to follow the sample due diligence letter format provided, modifying details as necessary for each recipient.
- Prepare the due diligence letter for each account with unclaimed property valued at $100 or greater. Include language that allows recipients to update their information or close their accounts.
- Ensure that all letters are sent to the owners' last known addresses and maintain records of these communications for compliance purposes.
- Once due diligence is performed, document the date on the AP-1 form to certify the accuracy of your report and ensure you are compliant with all legal requirements.
- Finally, save your changes, download, print, or share the form as necessary to complete your reporting obligations.
Complete the VA Performing Due Diligence form online to ensure compliance with state regulations.
Related links form
To file an Intent to File (ITF) with the VA, you can use either the VA Form 21-0966 or notify the VA through the eBenefits portal. This form allows you to establish an earlier effective date for your claim while you complete your paperwork. Filing an ITF is a valuable step in ensuring your rights are secured as you prepare your full claim. Make sure you are also practicing VA Performing Due Diligence during this process to protect your interests.
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