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Holder Information (Washington Unclaimed Property) (Visit this siteExternal Link to Holder Information (Washington Unclaimed Property))

A holder is anyone who owes money or property to an individual or business. When the holder cannot find the property owner, the unclaimed property must be reported to the Washington State Department of Revenue. Common holders are:

  • Banks and financial institutions (state or federal charter banks, savings banks, savings and loan associations, credit unions, investment companies)
  • Businesses (insurance companies, utility companies)
  • Other legal entities (city, county, and state governments)

    Holders must review their records every year to see if they have any funds, securities or other items that have been abandoned, and report it to the Department of Revenue by November 1.

    For items over $75, written notices (due diligence letters) must be sent to the owners between May 1st and August 1st of every year. The notice should indicate that the holder is holding property for them which may be turned over to Washington State.

    Some common examples of items that should be reported:

  • uncashed checks
  • unused gift certificates or credits
  • inactive bank accounts
  • deposits
  • insurance policies
  • undelivered stock shares and/or dividends
  • mutual funds
  • safe deposit boxes (five years after lease expires)

    Hits: 5
    Added: Fri Jun 16 2006
    Last Modified: Mon Jul 10 2006

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