Section 1491 - Report required by holder(a) A holder of property presumed abandoned and subject to the custody of the Administrator shall report in a record to the Administrator concerning the property. The Administrator may not require a holder to file a paper report.(b) A holder may contract with a third party to make the report required under subsection (a) of this section.(c) Whether or not a holder contracts with a third party under subsection (b) of this section, the holder is responsible: (1) to the Administrator for the complete, accurate, and timely reporting of property presumed abandoned; and(2) for paying or delivering to the Administrator property described in the report.Added 2019, No. 93 (Adj. Sess.) , § 2, eff. 1/1/2021.