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#685167 - 02/12/07 05:10 PM Abandoned Accounts
K Willett Offline
Junior Member
Joined: Aug 2006
Posts: 27
Could anyone share procedures for handling abandoned (unclaimed) accounts?

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#685176 - 02/12/07 05:15 PM Re: Abandoned Accounts K Willett
RayLynch Offline
Platinum Poster
RayLynch
Joined: Oct 2003
Posts: 544
State law determines what banks must do and can't do with respect to unclaimed property. You need to first check your state laws and any regulations issued by the governmental agency to which unclaimed property is escheated before you start building any procedures.

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