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Reporting Unclaimed Property

About Reporting Unclaimed Property

Holders of Unclaimed Property include business associations, banking and financial organizations, life insurance corporations, and other entities holding property belonging to another person. By law, Holders are required to review their records each year to determine if they hold any property, whether tangible or intangible, that has remained unclaimed for the required dormancy period. Once property has remained unclaimed for the required dormancy period, it becomes reportable. 

The following information is provided to assist holders with reporting and remitting unclaimed property.

Due Diligence Requirements

Holders of property are required to notify owners that their property is in danger of being transferred to the California State Controller's Office. This is called "due diligence". To meet the due diligence requirements of the law, the holder shall send notice to the Owner's address of record, typically not less than six months nor more than 12 months, before the time the account becomes reportable to the California State Controller's Office.

* Holders should refer to California Code of Civil Procedure, Sections 1513.5, 1514, 1516(d), and 1520(b) for the complete requirements for notifying owners of unclaimed property.

Dormancy Periods

For a listing of the dormancy periods for the most frequently reported unclaimed property types view the Dormancy Periods Table

* A dormancy period is a specified period of time in which the property owner does not take action on his or her property. The dormancy period, also known as "escheat period", commences on the date of last activity by the owner. Dormancy periods vary depending on the property type.

Property Reporting Cycles

 Banking and Financial Organizations  2014  2013  2012  2011   2010
 One Year Dormancy Period  2014  2013  2012  2011  2010
 Three Year Dormancy Period  2014  2013  2012   2011  2010 

Reporting Instructions, Formats, and Forms

For a copy of our Holder Handbook, reporting instructions, reporting formats or forms, view our Reporting Instructions and Forms page.