Escheat in Maryland

Sources

Title 17

Recipient Office

Comptroller of Maryland

Reporting

• Time Period: 3
• Due Diligence Amount: 100
• Due Diligence Dates: Not more than 120 day nor less than 30 days prior to report
• Aggregate Amount: 99.99
• Report Period: 7/1-6/30
• Report Due Date: 10/31
• Negative Reporting: Yes

Dormancy Fee

Only if (1) there is a valid and enforceable contract with the owner which specifies the charge, (2) the holder imposes charges on all dormant accounts and does not reverse or otherwise cancel the charges, and (3) for property in excess of $100 the holder gives written notice to the owner at the owner's last known address before imposing the charge.

Web Site

http://comptroller.marylandtaxes.com/Public_Services/Unclaimed_Property/default.shtml

Cross-References

• Maryland
• Escheat