Dormancy Periods

Pennsylvania Dormancy Period Reductions Effective Immediately

Following the passage of House Bill 278 last week, the provisions reducing Pennsylvania’s dormancy periods for all property types became immediately effective. Pennsylvania Unclaimed Property Law Changes Pennsylvania House Bill 278 was signed into law by Governor Corbett on July 10, 2014 and provides significant changes to Pennsylvania’s unclaimed property laws. While the Treasurer’s office […]

Pennsylvania Proposes to Reduce Unclaimed Property Dormancy Periods

On March 28, 2014, the Pennsylvania Legislature introduced Senate Bill 1293, providing for sweeping reductions of unclaimed property dormancy periods. SB 1293 seeks to reduce the dormancy period across all property types from five to three years.

West Virginia Eliminates Select Property Type Codes

The West Virginia State Treasury Office Unclaimed Property Division has made a few changes to their National Association of Unclaimed Property Administrators (NAUPA) approved Property Type Code Table. The following unclaimed property type codes have been eliminated: AC11 – Non-Interest Bearing Checking Accounts AC12 – Interest Bearing Checking Accounts AC13 – Non-Interest Bearing Savings Accounts […]

North Dakota Amends Unclaimed Property Act with New Insurance Law

On April 26, 2013, the Governor of North Dakota signed HB 1171, enacting a new law relating to unclaimed life insurance benefits. In addition to the new unclaimed life insurance law being signed into law, the enacted version of the bill amends the life insurance provisions contained within the North Dakota Unclaimed Property Act to be […]

Quick Guide: New York Escheat & Unclaimed Property Laws

Are you interested in learning some of the key concepts of New York escheat and unclaimed property laws? Have a specific question about reporting, auditing or compliance? This page gives you key information pertaining to New York State escheat laws including reporting & compliance.

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