Abandonment Period
The time between the last transaction date and when it is due as unclaimed property.
The amount of time since last contact with the owner. Dormancy helps establish the abandonment period.
Dormancy Period Last Contact Date Due Date
1 Year 3/2/2021 – 3/1/2022 7/1/23
3 Year 3/2/2019 – 3/1/2020 7/1/23
5 Year 3/2/2017 – 3/1/2018 7/1/23
15 Year 3/2/2007 – 3/1/2008 7/1/23
Due Diligence
The effort on the part of the Holder to establish contact with the property owner before reporting to the Comptroller’s office.
Any business in possession of property belonging to an individual or business.
Negative Report
Report stating there’s no property to report.
Property Owner
An employee, client or vendor who is owed funds or financial assets.
Unclaimed Property
Any financial asset, usually intangible, being held for a person or business that cannot be found.  It is not real estate, abandoned personal property, or lost and found items.

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