Massachusetts Escheat & Unclaimed Property Laws

This page addresses key areas of interest regarding Massachusetts unclaimed property escheatment laws and regulations.

Key Massachusetts Unclaimed Property Reporting Deadlines

The deadline for annual reporting and remittance in Massachusetts is November 1 for all holders except life insurance companies, who must report on May 1. Early reporting is permitted with prior written approval from the administrator for cash property only. All holders have an obligation to report abandoned or unclaimed property to the state in order to maintain compliance with Massachusetts’ unclaimed property laws and regulations.

Massachusetts Due Diligence Requirements

For any property that has a value of $100 or more, Massachusetts requires holders to perform due diligence mailings to locate owners. Due diligence letters must be sent each reporting cycle by first class mail at least 60 days prior to filing a report. In each due diligence notice, the holder must include:

  • A description of the property
  • A statement explaining that state law requires holders of abandoned property to report and remit such property after a designated dormancy period,
  • The date that the property will be remitted to Massachusetts Unclaimed Property Division absent contact with the owner.

Massachusetts Dormancy Periods

Dormancy periods in Massachusetts vary by property type. Generally, most property types have a three-year dormancy period. Accounts are considered dormant if the owner of a property has not indicated any interest in the property or if no contact has been made for the allotted dormancy period for that property. Dormancy periods in Mississippi for common property types include:
• Wages, Payroll or Salary: Three years
• Safety Deposit Box Contents: Seven years
• Traveler’s Checks: 15 years

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Key Resources​​

Commonwealth of Massachusetts
Department of the State Treasury- Unclaimed Property Division
One Ashburn Place, 12th Floor
Boston, MA 02108-4478
Phone: 617.367.0400
Fax: 617.248.3944