[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-280863-105":3,"doc-detail-280863-en":81,"detail-sidebar-cat-1-en-105":99},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","unclaimed-property-guideline-core-responsibilities-and-procedures","Unclaimed Property Guideline - Core Responsibilities and Procedures","","Unclaimed Property Guideline outlines how financial institutions manage unclaimed or dormant accounts in line with state unclaimed property requirements. It explains dormancy periods, the concept of “presumed abandoned,” and the need to review books and records, attempt owner contact, and follow state-specific mailing, advertising, and certification rules. The guideline assigns responsibilities, clarifies jurisdiction using Texas v. New Jersey principles, covers reciprocal reporting, and describes preparation, remittance, best practices, and terminology.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/letters/","Letters",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/unclaimed-property-guideline-core-responsibilities-and-procedures/280863/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/unclaimed-property-guideline-core-responsibilities-and-procedures/280863.png","ImageObject",442,249,{"name":42,"@type":43},"Noah","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-19","2026-09-16",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",10,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What is the purpose of the Unclaimed Property Guideline?","Question",{"text":63,"@type":64},"The guideline outlines general responsibilities and procedures institutions should follow to manage unclaimed property in compliance with state unclaimed property laws and to reduce related fines and penalties.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What determines whether property is “presumed abandoned”?",{"text":68,"@type":64},"Property is generally presumed abandoned when it has remained unclaimed or dormant beyond the applicable dormancy period, which varies by state and property type.",{"name":70,"@type":61,"acceptedAnswer":71},"How is jurisdiction determined for reporting unclaimed property?",{"text":72,"@type":64},"Jurisdiction is typically based on the owner’s last known address if available; otherwise, it is based on the state where the holder was incorporated. Safe deposit box contents and certain instruments follow specific reporting rules.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},280863,1790227737,{"code":4,"msg":82,"data":83},"success",{"doc_id":79,"user_id":84,"nickname":42,"user_avatar":85,"doc_module":22,"category_id":86,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":87,"file_id":88,"file_url":89,"file_type":90,"file_size":91,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":92,"language":93,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":94,"faqs":95,"seo_title":96,"seo_description":12,"update_tm":97,"read_time":98},8796095462418,"https://ap-avatar.wpscdn.com/avatar/80000253c1241d02b47?x-image-process=image/resize,m_fixed,w_180,h_180&k=1778826106357471780",18,"Unclaimed Property Guideline  \nI. General Information  \nA. Purpose  \nB. Unclaimed Property Overview  \nC. Assigning Responsibilities  \nD. Jurisdiction  \nE. Reciprocal Reporting  \nF. Record Retention  \nG. Common Terminology  \nII. Specific Procedures by Property Type  \nA. Deposit Accounts (i.e., checking, savings, money market accounts)  \nB. Certificates of Deposit (CDs)  \nC. Individual Retirement Accounts (IRAs)  \nD. Safe Deposit Boxes  \nE. Official Bank Checks (certified checks, cashier’s checks)  \nF. Money Orders  \nG. Refunds of Overpayments  \nH. Suspense Accounts  \nI. Vendor Payments/Expense Checks  \nJ. Payroll  \nK. Additional Property Types  \nIII. Unclaimed Property Report Preparation  \nA. Internal Manual (included)  \nInternal w/Reporting Software (Not included-instructions would be provided by software vendor)  \nOutsourced (Not included-instructions would be provided by service provider)  \nIV. Post Remittance  \nV. Best Practices  \nVI. Common Terms  \nVII. Helpful Websites  \nDisclaimer: This document is not intended to be substituted for legal advice, which can only be provided by an attorney. This document may not be shared or distributed in any form without the express written permission.  \nPage 1 of 23  \nSample UP P&P-Provided to SFE Webinar/Conference attendees – Not to be shared.  \nI. General Information  \nA. Purpose  \nThe purpose of this Unclaimed Property Guideline is to outline the general responsibilities and procedures that an institution should consider for purposes of managing any unclaimed property consistent with state unclaimed property laws. The potential impact to financial institutions and corporations from loss of accounts and deposits, potential fines and penalties can be quite severe, and with each state having different rules, regulations and requirements, exposure can be substantial. This document is intended to help maintain compliance and mitigate those risks and exposures.  \nB. Unclaimed Property Overview  \nUnclaimed property (i.e., escheated or abandoned property) is property that has gone unclaimed or dormant by the rightful owner for a specified period of time, which is generally referred to as the dormancy period. Often property is “presumed abandoned” when there has been no action or communication by the owner and the dormancy period has passed. Dormancy periods vary by state and by property type, with the most common being 1, 3 or 5 years.  \nEach state, the District of Columbia, Puerto Rico, and several US territories have unclaimed property statutes (often referred to as an “Unclaimed Property Act”) . While no two states are precisely the same, and each state’s unclaimed property law should be consulted as applicable, generally the unclaimed property statutes require companies to review their books and records to identify unclaimed property. Commonly, a last attempt must be made to locate the owner of the property, and this typically requires a first class mailing to the owner’s last known address. Some states have certified mail and specific advertising requirements, and specific requirements and instructions vary widely. Adherence to each state’s individual instructions is critical to avoid penalties and fines.  \nWhen an owner cannot be located, the property must be reported and remitted to the appropriate state.  \nAll types of unclaimed property must be considered for escheatment. These include:  \n• Deposit accounts (e.g., savings, checking, money market accounts, CDs, IRAs)  \n• Safe deposit contents (which is escheatable to state where the box is located)  \n• Cashier’s checks/official bank checks  \n• Money orders and travelers’ checks  \nPage 2 of 23  \nSample UP P&P-Provided to SFE Webinar/Conference attendees – Not to be shared.  \n• Bank liabilities (e.g., payroll, vendor or expense checks, refunds of overpayments)  \n• Personal and corporate trust accounts/distributions  \n• Payroll and vendor payments  \nC. Assigning Responsibilities  \nAn Unclaimed Property Coordinator(s) should be assigned","cbCaiiVryJRyS6Vw","https://ap.wps.com/l/cbCaiiVryJRyS6Vw","pdf",231570,23,"English","# Unclaimed Property Guideline\n## General Information\n## Specific Procedures by Property Type\n## Unclaimed Property Report Preparation\n## Post Remittance\n## Best Practices\n## Common Terms\n## Helpful Websites","[{\"question\":\"What is the purpose of the Unclaimed Property Guideline?\",\"answer\":\"The guideline outlines general responsibilities and procedures institutions should follow to manage unclaimed property in compliance with state unclaimed property laws and to reduce related fines and penalties.\"},{\"question\":\"What determines whether property is “presumed abandoned”?\",\"answer\":\"Property is generally presumed abandoned when it has remained unclaimed or dormant beyond the applicable dormancy period, which varies by state and property type.\"},{\"question\":\"How is jurisdiction determined for reporting unclaimed property?\",\"answer\":\"Jurisdiction is typically based on the owner’s last known address if available; otherwise, it is based on the state where the holder was incorporated. Safe deposit box contents and certain instruments follow specific reporting rules.\"}]","Unclaimed Property Guideline - Core Responsibilities and Procedures | PDF",1789560401,8,{"code":4,"msg":82,"data":100},[101,106,111,116,121,126,131,134,139],{"id":102,"doc_module":22,"doc_module_name":25,"category_name":103,"show_sort_weight":104,"slug":105},11,"Presentations",90,"presentations",{"id":107,"doc_module":22,"doc_module_name":25,"category_name":108,"show_sort_weight":109,"slug":110},12,"Resumes",80,"resumes",{"id":112,"doc_module":22,"doc_module_name":25,"category_name":113,"show_sort_weight":114,"slug":115},14,"Invoices",70,"invoices",{"id":117,"doc_module":22,"doc_module_name":25,"category_name":118,"show_sort_weight":119,"slug":120},15,"Posters",60,"posters",{"id":122,"doc_module":22,"doc_module_name":25,"category_name":123,"show_sort_weight":124,"slug":125},16,"Social Media",50,"social-media",{"id":127,"doc_module":22,"doc_module_name":25,"category_name":128,"show_sort_weight":129,"slug":130},17,"Forms",40,"forms",{"id":86,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":132,"slug":133},30,"letters",{"id":135,"doc_module":22,"doc_module_name":25,"category_name":136,"show_sort_weight":137,"slug":138},21,"Paper Templates",5,"papers-templates",{"id":140,"doc_module":22,"doc_module_name":25,"category_name":141,"show_sort_weight":4,"slug":142},158,"General","general-158"]