Claimant Designated Representative - FAQs

  • How do I become a Claimant Designated Representatives (CDR) in the State of Georgia?

    Learn more information on becoming a CDR in Georgia.

  • What are the requirements for CDRs?

    Details for CDR requirements can be found in the Download this pdf file. CDR Overview .

    Some of the requirements include:

    • All CDR’s must complete and submit the proper registration form.
    • CDRs and their customers must execute and use the appropriate form agreements.
    • CDRs may charge no more than 30% of the value of property unless a higher fee is ordered by a court or the CDR has purchased the property from the owner. 
    • Claims are void if the standard agreement forms are not used.
    • Additional terms may not be added unless the claim is more than $2,000 accompanied by DOR’s standard Unclaimed Property Agreement Addendum ( Download this pdf file. Form UP-CDR3 ) giving the claimant the opportunity to dispute the additional terms and conditions.
  • What property/owner information is in the database?

    The database contains:

    • Property ID
    • Name and last known address of all apparent owners (including
    • beneficiaries)
    • Owner relationship(s)
    • Dollar amounts of properties available to be claimed
    • Date of last activity
    • Year property was reported
    • Holder’s name
    • A description of the property type
    • The number, name, and CUSIP of any unliquidated securities
  • How will CDR’s access the UCP account database?

    Information for accessing the UCP account database will be provided by email after completing the registration process including background checks. 

    The downloadable database file (in delimited text format) is over 1GB in size and may take a significant amount of time to download.  Currently, the database file is updated once a week.

    NOTE: The Georgia Unclaimed Property Division Section cannot offer any assistance in using the database.  Please contact a data professional to ensure that you can use this file before registering. 

  • Are there limitations on how a CDR may approach potential Claimants?

    CDR’s may not imply or infer that they are an employee or contractor of any state or federal agency including DOR. 

    A CDR may not register or use a business name that might lead a reasonable person to conclude that the CDR is an agent or employee of any federal, state, or local government entity.

    All CDR solicitations must include the following notice as detail in the notice requirements.

    Notice Requirements: Use all capital letters in at least 12-point type or in a font larger than the font utilized in the solicitation, whichever is larger.

     

    “THIS IS A SOLICITATION. THIS IS NOT A BILL OR OFFICIAL GOVERNMENT DOCUMENT AND HAS NOT BEEN SENT BY THE STATE OF GEORGIA. YOU ARE NOT REQUIRED TO USE THE SERVICES OFFERED IN THIS SOLICITATION.”

     

  • How are conflicting claims handled by the Department of Revenue?

    If multiple claims are received for the same property, the property is remitted to the first claimant or CDR to submit a complete claim establishing entitlement to the property.  

    If more than one complete claim is received on the same day, then:

    • Claimant versus CDR:  Preference is to the claimant.
    • CDR versus CDR:  Preference to the CDR who has agreed to the lowest fee. If fees are the same, then preference to the CDR whose agreement was executed first.

    For CDR Purchase Claims received on the same day:

    • Buyer versus CDR:  Preference to the buyer.
    • Buyer versus Buyer:  Preference to the buyer whose agreement was executed first.