Instructions For Due Diligence Letter - 2015 printable pdf download

Instructions For Due Diligence Letter - 2015

TATE OF

ONNECTICUT

FFICE OF THE

TATE

REASURER

Unclaimed Property Division

Calendar Year Ending December 31, 2015

2015 - Due Diligence Instructions

Instructions:

Due diligence letters must be sent to all owners irrespective of the dollar amount.

Per CT General Statutes, due diligence letters must be sent by first class mail to owners at their

last-known address within 180 days before presumption of abandonment is to take effect for the

following property types of property: wages, salary, commissions, or other compensation,

and utility deposits or refunds.

Per CT General Statutes, due diligence letters for all other property types must be sent by first

class mail to owners at their last-known address within one year before presumption of

abandonment is to take effect – in the last year of dormancy.

Even if due diligence letters are sent after one year, the owners must be notified via first class

mail in the last year of dormancy, as per the instructions above to be considered abandoned as

of December 31, 2015.

Due Diligence Letters must be mailed on Company letterhead via first class mail. Return receipt

requested, or certified mail is not necessary.

Revised: October 2015

Instructions For Due Diligence Letter - 2015