Which States Escheat Laws Govern? - Bankers Online Which State's Escheat Laws Govern? - 01 21 0504:13 PM If we are merging an Alabama Bank with a Florida Bank within our Holding Company and the Florida Bank will be the surviving Charter, how will this affect escheatment? Specifically, Florida states 5 years on its disclosure and Alabama states 3 years We need to know so we can update the parameters in our shared computer system Posted By
Unclaimed law - Official Checks | For Bankers. From Bankers We have been issuing official teller checks for three years and are coming up on the time we will need to escheat uncashed checks By state law we are attempting to provide due diligence notifications to the quot;owner quot; of the check However, we are trying to determine whet
Cashiers Checks and Escheat | For Bankers. From Bankers Does anyone know what Arkansas state law says about the escheating of uncashed cashiers checks? I was under the impression that cashiers checks had no stale date, so I'm unsure how they could be escheated
Minimum balance to escheat an account? | For Bankers. From Bankers When it comes to escheating dormant accounts to the bank, is there a minimum account balance? Meaning, if the minimum balance to escheat was, say, $50, and you have a dormant account with a balance of $2, would you still have to escheat that $2 account?OR, do you have to escheat dormant a
Dormant Account Reactivation | For Bankers. From Bankers Can anyone tell me what their current procedures are for notifying and reactivating dormant accounts? I am a new compliance officer in Texas and would like to compare notes
Returned Periodic Statements vs. Reg E requirement At what point is it acceptable to stop sending customer statements to addresses for which we keep getting returned mail? The accounts are not necessarily dormant as some of them have customer activity The customers apparently aren't too concerned that they aren't receiving statements as