(a) Property report(s) filed by a holder pursuant to
Property Code, Chapters 72-75, shall be submitted to the comptroller
in the NAUPA2 format via one of the online submission methods specified
in the Comptroller's Unclaimed Property Reporting Instructions.
(b) Information contained in property report(s) shall
comply with the data entry standards for property type, securities
delivery and country codes, owner name and property description fields,
and abbreviations of owner title and common terms as specified in
the Unclaimed Property Reporting Instructions.
(c) Incomplete reports and reports not meeting the
format specifications described above will be rejected by the comptroller
and returned to the holder for correction. The comptroller will keep
a copy of any report that is returned for correction.
(d) Information shall be submitted in a format that
is accessible by the comptroller's office. Reports that are encrypted,
corrupted, or otherwise inaccessible will be rejected by the comptroller
and returned to the holder for correction. The comptroller will keep
a copy of any report that is returned for correction.
(e) When a report is rejected, the responsible holder
shall submit a revised, complete, accessible and properly formatted
report to the comptroller no later than 30 calendar days after notification
of the rejection.
(f) If a complete, accessible, and properly formatted
report is not resubmitted within 30 calendar days after notification
of the rejection, the holder will be considered delinquent and subject
to interest and civil penalties and criminal charges in Property Code,
Chapter 74, Subchapter H, until a complete and properly formatted
report is submitted to the comptroller.


Source Note: The provisions of this §13.21 adopted to be effective December 30, 2013, 38 TexReg 9603