A Network of the National Association of State Treasurers

Report Unclaimed Property (for Businesses)

Property Type—Credit Memos

Alabama

Dormancy Periods

Credit Memos: 1
Alaska

Dormancy Periods

Credit Memos: 3
Arizona

Dormancy Periods

Credit Memos: 3
Arkansas

Dormancy Periods

Credit Memos: 3
California

Dormancy Periods

Credit Memos: 3
Colorado

Dormancy Periods

Credit Memos: 5
Connecticut

Dormancy Periods

Credit Memos: 3
Delaware

Dormancy Periods

Credit Memos: 5
District of Columbia

Dormancy Periods

Credit Memos: 5
Florida

Dormancy Periods

Credit Memos: 5* Exempt if under $10
Georgia

Dormancy Periods

Credit Memos: 5
Guam

Dormancy Periods

Credit Memos: 5
Hawaii

Dormancy Periods

Credit Memos: 5
Idaho

Dormancy Periods

Credit Memos: 5
Illinois

Dormancy Periods

Credit Memos: 3
Indiana

Dormancy Periods

Credit Memos: 5
Iowa

Dormancy Periods

Credit Memos: 3
Kansas

Dormancy Periods

Credit Memos: 5
Kentucky

Dormancy Periods

Credit Memos: 3
Kenya

Dormancy Periods

Credit Memos:
Louisiana

Dormancy Periods

Credit Memos: 3
Maine

Dormancy Periods

Credit Memos: 2* In addition, dormancy fees and service charges on these items are now prohibited; however, loading and reloading fees are allowed. Also included in the legislation was a definition of "prefunded bank card" to mean a device issued by a financial organization that enables the cardholder to transfer the underlying funds to multiple merchants at the merchants’ point of sale terminals. "Multiple merchants" means all merchants of goods or services, not just those associated with the issuer or a particular business or group of businesses, that accept electronic transactions. Prefunded bank cards are treated as other bank products, with a 3 year dormancy period and allowable service charges.
Maryland

Dormancy Periods

Credit Memos: 3
Massachusetts

Dormancy Periods

Credit Memos: 3
Michigan

Dormancy Periods

Credit Memos: 3
Minnesota

Dormancy Periods

Credit Memos: 3
Mississippi

Dormancy Periods

Credit Memos: 5
Missouri

Dormancy Periods

Credit Memos: 5
Montana

Dormancy Periods

Credit Memos: 3
Nebraska

Dormancy Periods

Credit Memos: 3
Nevada

Dormancy Periods

Credit Memos: 3
New Hampshire

Dormancy Periods

Credit Memos: Refer to State law for specific information
New Jersey

Dormancy Periods

Credit Memos: 3
New Mexico

Dormancy Periods

Credit Memos: 3
New York

Dormancy Periods

Credit Memos: Refer to State law for specific information
North Carolina

Dormancy Periods

Credit Memos: 5* 3 years if result of a retail business transaction.
North Dakota

Dormancy Periods

Credit Memos: 3
Ohio

Dormancy Periods

Credit Memos: 3
Oklahoma

Dormancy Periods

Credit Memos: 5
Oregon

Dormancy Periods

Credit Memos: 3
Pennsylvania

Dormancy Periods

Credit Memos: 3
Rhode Island

Dormancy Periods

Credit Memos: 3
South Carolina

Dormancy Periods

Credit Memos: 5
South Dakota

Dormancy Periods

Credit Memos: 3
Tennessee

Dormancy Periods

Credit Memos: 3
Texas

Dormancy Periods

Credit Memos: 3
US Virgin Islands

Dormancy Periods

Credit Memos: No Provision
Utah

Dormancy Periods

Credit Memos: 5* See state statute for specific information
Vermont

Dormancy Periods

Credit Memos: 3
Virginia

Dormancy Periods

Credit Memos: Refer to State law for specific information
Washington

Dormancy Periods

Credit Memos: 3
West Virginia

Dormancy Periods

Credit Memos: 5
Wisconsin

Dormancy Periods

Credit Memos: 5
Wyoming

Dormancy Periods

Credit Memos: If "credit memos" means issued in lieu of gift certificates then 3 years, if it means issued for overpayment then 5 years.