Oregon Escheat & Unclaimed Property Laws

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

Key Oregon Unclaimed Property Reporting Deadlines

Oregon has a fall deadline for annual reporting and remittance. Holders of unclaimed property must report and remit by November 1.

Early reporting is permitted for property older than 120 days with prior written approval from the Department of State Lands (DSL).

An affidavit certifying completion of due diligence is required to be submitted with all early reports.

Negative reports are required if you are an active holder or have been audited by DSL in the last five years. If you have never sent a report to Oregon, you do not need to submit a negative report.

All holders have an obligation to report abandoned or unclaimed property to the state in order to maintain compliance with Oregon’s unclaimed property laws and regulations.

Holders reporting to Oregon are required to submit their reports electronically. To file a paper report, a holder can request an exception by filing a written request.

Oregon Due Diligence Requirements

Oregon requires holders to send due diligence notifications for any property with a value of $100 or more.

Due diligence notices must be sent each reporting cycle to the apparent owner at the last known address. All due diligence efforts must be completed at least 60 days prior to the unclaimed property reporting deadline.

This notice should inform the owner that the holder is in possession of unclaimed property that will be turned over to the state unless the owner claims it from the holder before the report is filed.

Oregon Dormancy Periods

Dormancy periods vary by property type, but in general, most property types in Oregon 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 Oregon for other common property types include:

  • Refunds or Rebates: One year
  • Contents of Safe Deposit Boxes: Two years
  • Money Orders: Seven years (non-bank)

Still confused or overwhelmed? Try the Sovos UP Compliance Hub

 Reporting unclaimed property in Oregon, and other jurisdictions, can be a stressful process that consumes valuable internal resources. However, when properly managed, the annual reporting and escheatment process does not need to be a burdensome experience.  

The Sovos UP Compliance Hub is a subscription-based service that includes access to multiple educational and operational resources. Sovos compliance experts continuously monitor and update these resources. Compliance Hub subscriptions can be customized to suit your company’s unique business needs and compliance objectives. Connect with the experts at Sovos today to learn more. 

Key Resources​​

Department of State Lands - Unclaimed Property Section
775 Summer St. NE, Ste. 100 | Salem, OR 97301-1279
Email: Holder@ost.state.or.us
Phone: 503.986.5200
Fax: 503.378.4844