Vermont Unclaimed Property Reporting Manual - i -
Vermont State Treasurer’s Office
Unclaimed Property Reporting Manual
Table of ContentsGLOSSARY OF COMMON UNCLAIMED PROPERTY TERMS.......................................1
GENERAL OVERVIEW.....................................................................................................3
GENERAL REPORTING INFORMATION.........................................................................4
Holder Types
..................................................................................................4
Property Type Codes and Property Description
.........................................5
SPECIFIC REPORTING REQUIREMENTS BY PROPERTY TYPE.................................5
Uncashed Checks and Amounts Owed
........................................................5
Property Reported by Financial Institutions
................................................6
Funds Reported by Title Companies
............................................................7
Insurance – Related Property
.......................................................................8
Mutual Funds – Related Property
.........................................................................9
Property Reported by Courts, Governments and Gov. Subdivisions
........9
REPORTING SECURITIES...............................................................................................9
Securities – Related Property Codes
...........................................................9
Physical Delivery of Securities
...................................................................10
Electronic Remittance of Securities
...........................................................11
Worthless or Non-Transferable Securities
................................................12
THE REPORTING PROCESS.........................................................................................13
Jurisdiction to Escheat
................................................................................14
Reciprocity
...................................................................................................14
Important Dates
............................................................................................15
Dormancy Periods
.......................................................................................15
Customer Contact or Last Transaction Date
.............................................16
Due Diligence
...............................................................................................16
REPORT DETAIL CONSIDERATIONS...........................................................................17
Number of Items to Report
..........................................................................17
Aggregating
..................................................................................................17
Rolling Up
.....................................................................................................17
NEGATIVE REPORT.......................................................................................................18
DELIVERY OF YOUR REPORT AND PAYMENT...........................................................18
REPORT CONTENT AND REPORT FORMATS............................................................19
Report Content
.............................................................................................19
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