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.