Outstanding/Escheats Checks

Q:  What does escheats mean?

A:  The term “escheat” refers to the process whereby unclaimed, abandoned or uninherited property passes to the custody of the state. Checks are escheated after they remain outstanding for greater than 1 year. A holder of the check should contact the state treasurer’s office to make a claim for reimbursement.

Q:  What should I do if I receive a letter and affidavit for an outstanding check?

A:  Complete and notarize the affidavit and return to the address and contact person indicated on the letter.