Mar 24, 2008 · Return Check After Funds Are Escheated? 11/26/2012. When a cashier's check has been outstanding for more than three years, the funds are escheated to the State as unclaimed property.

Jun 16, 2003 · Unclaimed cashier's checks escheat as abandoned property in most states. At that point the drawee bank can refer presenters to the place the funds now reside. And of course there is the matter of lost, stolen and destroyed cashier's checks that acts to strongly encourage holders of these items to get them paid before 90 days have elapsed since ...

Jan 7, 2016 · If it doesn't, try reaching out to someone at the agency that issued oversees the escheat process in your state for further direction. Return to Top #2057107 - 01/07/16 10:33 AM Re: Escheat Safe Deposit Box JacF

Aug 4, 2003 · I'm trying to resolve a dispute between our operations center and an unhappy customer. Under Dispostion of Abandoned & Unclaimed Property, Section 1301.3 - a matured time deposit is included in the type of accounts that must be escheated after 5 years of no activity. Would an auto...

Nov 1, 2013 · We had to call this year about safe deposit box contents because the escheat form has changed and wasn't clear - at least to us. Return to Top #1867422 - 11/01/13 12:41 PM Re: Cashier Check Escheatment leo_bsayer

Oct 3, 2003 · Yes. Lela is correct, if there is a negative impact for the customer (i.e. the fee is increasing, or it is a new fee, or some other negative impact on the customer) under Reg DD (Section 230.5 - Subsequent Disclosure Requirements), you need to give appropriate notice of the change - 30 calendar days before the effective date of the change.

#1239723 - 08/26/09 06:45 PM Re: Escheat process Tocomply: John Burnett 10K Club Joined: Oct 2000 Posts ...

Aug 18, 2008 · (B) If funds otherwise subject to Chapter 169. of the Revised Code are held for or distributable to an owner as to whom the records of the holder show no address, the director of commerce shall take custody of such funds, but such funds shall be subject to the claim of the proper escheat or custodial officer of another state upon proof to the ...

Nov 29, 2006 · You need to be very careful with charging fees associated with dormant accounts. You would need to review your escheat laws and regulations, as most states would prohibit such a practice. The bottom line is that the States want all of the money. For example, in the California document linked above: §1522. Deduction of Fees

Aug 17, 2009 · What is the length of time before a dormant account is escheated to the state in the state of Texas?