Massachusetts
Massachusetts State Treasurer's Office
Unclaimed Property Division
Director: Nicole Jones, Deputy Director
Office phone: (617) 367-0400
1 Ashburton Place, 12th Floor Boston, MA 02108
Unclaimed Property website: https://findmassmoney.gov
Reporting website: https://findmassmoney.gov/app/submit-a-report
Dormancy Periods
The following dormancy periods are listed in years, unless otherwise noted.
Savings: 3
Checking: 3
Non-bank Money Orders: 3
Certificates of Deposit: 3
Official Bank Checks/MO: 3
Safe Deposit Boxes: 7
Travelers Checks: 15
Life Insurance Matured: 3
Casualty: 3
Utility Deposits: 3
Utility Refunds: 3
Dividends: 3
Securities: 3
Debt (bonds): 3
Dissolution/Liquidation: 1
Fiduciaries: 3
Wages: 3
State Courts/Agencies: 3
Federal Courts/Agencies: No provision
Mineral Proceeds: 3
Other Property: 3
IRA Keogh: 3
Gift Certificate: * A law passed last year requires that all gift certificates -- including gift cards -- redeemed in Massachusetts not expire for seven years from the date of purchase. This law went into effect June 1, 2003. This new law enables businesses to keep the money of unredeemed gift certificates after seven years from issuance -- as long as said gift certificates have dates of issuance and expiration clearly marked on them. Under the new law, gift certificates without such dates are redeemable in perpetuity. Previously, state law -- which required that gift certificates be good for a period of at least two years -- mandated merchants turn over the value of expired gift certificates to the State Treasurer's Abandoned Property Division.
Credit Memos: 3
Vendor-Vendor Payments: Refer to State law for specific information*
Notes: *(13) Exemption for Reporting Certain Credit Balances. (a) Pursuant to the reporting requirements detailed in M.G.L. c. 200A, §§ 5 and 7, an exemption shall exist for any outstanding credit balances between vendors or commercial customers resulting from a transaction occurring in the normal and ordinary course of business. This exemption shall apply to all prior and current reporting years. (b) Credit balances, as defined in 960 CMR 4.02, shall not be considered unclaimed property, in accordance with M.G.L. c. 200A, § 5. Credit balances may originate from activities such as customer overpayments and shall include balance sheet credits, such as the payment to vendors for the purchase of goods and services. (c) Nothing in 960 CMR 4.03 should be construed so as to suggest that any commercial customer incorporated or registered to do business in Massachusetts is exempt from unclaimed property reporting obligations relative to credit balances, as defined in 960 CMR 4.02, in other domestic reporting jurisdictions outside of Massachusetts.
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
Negative Report Required: Yes
Aggregate Amount: 100
Account Linkage:
Electronic Reporting Capability Schedule
The following indicates which types of reporting formats are accepted by this state.
Tape: No
Cartridge: No
CD: No
NAUPA 2 Format: Yes
NAUPA 3 Format:
Comments: Upload NAUPA formatted report files directly to our website
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.