Rhode Island Escheat & Unclaimed Property Laws

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

Key Rhode Island Unclaimed Property Reporting Deadlines

Rhode Island has a fall deadline for annual reporting and remittance. All holders of unclaimed property must report and remit by October 31. Early reporting is permitted in rare cases with prior approval from the administrator.

Negative reports are required and must be filed on their website.

All holders have an obligation to report abandoned or unclaimed property to the state to maintain compliance with Rhode Island’s unclaimed property laws and regulations. Holders reporting to Rhode Island are required to submit their reports electronically for reports that contain 25 or more properties.

Rhode Island Due Diligence Requirements

Rhode Island requires holders to send due diligence notifications for any property with a value of $50 or more. Holders must send due diligence letters each reporting cycle to the apparent owner at the last known address within 120 days of the reporting deadline.

The letter should inform the owner that the holder is in possession of property that has been deemed abandoned and will be turned over to the state unless the owner claims it from the holder before the report is filed.

Rhode Island Dormancy Periods

Dormancy periods in Rhode Island 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.

The dormancy periods for common property types include:

  • Wages, Payroll or Salary: One year
  • Money Orders: Five years
  • Traveler’s Checks: 15 years

Confused or Overwhelmed? Need Answers?

Reporting unclaimed property in Rhode Island can be a stressful process that consumes valuable internal resources, especially if you must report in other jurisdictions as well. However, when properly managed, the annual reporting and escheatment process does not need to be a burdensome experience.

Key Resources​​

Office of the Rhode Island General Treasurer
Unclaimed Property Division
50 Service Avenue | Warwick, RI 02886
Email: ups@treasury.ri.gov
Phone: 401.462.7676