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FAQ Unclaimed Property: How Long Before Something is Considered Unclaimed Property?


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What is the Dormancy period for a “property” before it is considered unclaimed and law requires it be turned over to the State?

There are pages and pages of properties which have different dormancy periods.  In general, things become unclaimed property and must be turned over to the state within 3-5 years.  For a complete list, log onto our website www.wismissingmoney.com and click under the “Holder Reporting” tab, then “guide.”  Here are some examples:

-inactive checking account

-Savings account

-expense checks

-escrow funds

-customer overpayments

 

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2 responses

  1. Pingback: FAQ Unclaimed Property: Do I File a Holder Report in Every State Where I do Business? | Wisconsin State Treasury

  2. Pingback: FAQ Unclaimed Property: When Is My Holder Report Due? | Wisconsin State Treasury

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