Reporting Guidelines
Abandonment Periods
The abandonment period is the number of years you hold the property before sending it to the Comptroller’s office. When examining your records, use the last entry or activity generated by the owner, or the date of last documented contact with the owner, to begin the abandonment period. If the property type does not generate owner activity, use the date upon which the item was payable or distributable to the owner.
Abandonment Periods for Property by Type | ||
---|---|---|
Type of Property | Property Code | Abandonment Period |
Wages, Payroll or Salary | MS01 | 1 Year |
Utility Deposits | UT01 | 1 Year |
Current Production of Ongoing Mineral Interest | MI10 | 1 Year |
Demutualization Cash | SC85 | 1 Year |
Demutualization Shares | SC86 | 1 Year |
Stored Value Card | MS12 | 1 or 3 Year |
Safe Deposit Box Contents | SD01 | 5 Years |
Other Deposit Accounts | AC09 | 5 Years |
Traveler’s Checks | CK08 | 15 Years |
All Other Property | See page 33 of the Reporting Instructions | 3 Years |
Reporting Due Date for Life Insurance Properties
HB 1514 makes changes to Insurance Code Section 1109.013(c) and affects how unclaimed insurance proceeds are reported to the Comptroller's office. Life insurance proceeds are now due with all other unclaimed funds on July 1 each year.
July 1 Due Date Properties
The statutory deadline for unclaimed property reports is July 1.
Abandonment Years | Report Year | Abandonment Period | Due Date |
---|---|---|---|
1 Year | 2024 | 3/2/2022 - 3/1/2023 | 7/1/2024 |
3 Year | 2024 | 3/2/2020 - 3/1/2021 | 7/1/2024 |
5 Year | 2024 | 3/2/2018 - 3/1/2019 | 7/1/2024 |
15 Year | 2024 | 3/2/2008 - 3/1/2009 | 7/1/2024 |