Escheat in Colorado

Overview

Sources

C.R.S. ?? 38-13-101 to 38-13-134

Recipient Office

Office of the State Treasurer

Reporting

Time Period: 3
Due Diligence Amount: 50
Due Diligence Dates: Not more than 120 days prior to report
Aggregate Amount: 24.99
Report Period: 7/1 - 6/30
Report Due Date: 11/1
Negative Reporting: No

Dormancy Fee

Except for aggregated amounts, you may, by law, voluntarily deduct and retain from each item remitted 2% of the value of the property you are remitting, or $25.00, whichever is less -- (L) accounts. For some types of property you may deduct and retain 2% or $25.00, whichever is more -- (M) accounts. The amount deducted from each item cannot exceed the amount due the owner. Escrow accounts and funds held in fiduciary are (M) accounts. For more types of property, go to http://www.colorado.gov/treasury/gcp/images/Propdescripcode.pdf.

Web Site

http://www.colorado.gov/treasury/gcp/index.html