A Network of the National Association of State Treasurers

Maine

Maine State Treasurer's Office
Unclaimed Property Division
Director: Laura Hudson, Director of Internal Operations
Office phone: (207) 624-7470
39 State House Station Burton M. Cross Office Building, 3rd Floor 111 Sewall Street Augusta, Maine 04333-0039
Unclaimed Property website: https://maineunclaimedproperty.gov/

Dormancy Periods

The following dormancy periods are listed in years, unless otherwise noted.

Savings: 3
Checking: 3
Non-bank Money Orders: 7
Certificates of Deposit: 3
Official Bank Checks/MO: 3
Safe Deposit Boxes: Refer to State law for specific information
Travelers Checks: 15
Life Insurance Matured: 3* The Dormancy Period for demutualization is now 2 years.
Otherwise: 3
All: 3
Casualty: 3
Utility Deposits: 1
Utility Refunds: 1
Dividends: 3
Securities: 3
Debt (bonds): 3* 1 year for government bond
Dissolution/Liquidation: 1
Fiduciaries: 3
Wages: 1
State Courts/Agencies: 1
Federal Courts/Agencies: 1
Mineral Proceeds: 3
All Other Property: 3
IRA Keogh: 3
Gift Certificate: 3
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.
Vendor-Vendor Payments: 3
Aggregate Amount: 50

Reporting and Payment Due Dates

The following indicates the report and payment due dates for the various property types.

Report Due—Life Insurance: May 1
Report Due—All Others: November 1
Payment Due—Life Insurance: May 1
Payment Due—All Others: November 1
Exceptions: Refer to State law for specific information

Electronic Reporting Capability Schedule

The following indicates which types of reporting formats are accepted by this state.

Diskette: Yes
Tape: No
Cartridge: No
CD:
NAUPA Format: Yes
Comments: Maine requires holders to report electronically if they have more than 10 properties.

Information contained in the NAUPA QRP States Unclaimed Property Monitoring Service is for informational and reference purposes only. This information may not be copied or reproduced in any capacity without the express written consent of the National Association of Unclaimed Property Administrators®. Liability arising from the reliance on any information contained in the material presented, which may prove to be inaccurate or incomplete, is specifically disclaimed. Contact each state unclaimed property agency for verification should a question or concern arise.