Arizona

Arizona’s unclaimed property program is administered by the Arizona Department of Revenue (ADOR) in accordance with Title 44, Chapter 3 of the Arizona Revised Statutes. Whether you’re managing aged payables, safe deposit boxes, or dormant accounts, our approach helps your organization reduce risk and maintain transparency.

Overview of Arizona’s Unclaimed Property Law

Arizona unclaimed property laws require businesses and financial institutions—also known as “holders”—to report and remit property that’s been abandoned or unclaimed for a specified dormancy period.

Covered property types include:

• Uncashed payroll and vendor checks
• Checking and savings accounts
• Insurance policy benefits
• Utility deposits and refunds
• Securities and dividend payments
• Safe deposit box contents

Once the property becomes dormant, the holder must complete due diligence efforts before reporting and remitting to the state.

Arizona Dormancy Periods

Dormancy periods in Arizona vary based on the type of property. Understanding when property is considered abandoned is critical for maintaining escheatment compliance.

For a broader view of escheatment rules, visit our escheatment laws by state resource.

Due Diligence Requirements in Arizona

Arizona law mandates that holders attempt to locate the rightful owner of any unclaimed property before reporting it. This due diligence process is both a legal requirement and a best practice to strengthen customer trust.

Minimum requirements include:

• Sending a notice by first-class mail to the owner's last known address no fewer than 120 days before the report is submitted
• Notices are mandatory when the property is valued at $50 or more
• Email or phone outreach is optional but encouraged, especially for high-value accounts or known contacts

Arizona Reporting Deadlines and Requirements

Arizona's reporting requirements vary depending on the type of holder.

• Life Insurance Companies:
  
  • Report Period: January 1 - December 31
  • Report and Payment Deadline: April 30
• All Other Businesses:
  
  • Report Period: July 1 - June 30
  • Report and Payment Deadline: November 1

Additional requirements include:

• Format: NAUPA II Standard
• Negative Reports: Not required
• Remittance Methods: Wire or check
• Securities: Must be transferred into the state’s custodial account as directed by ADOR

Arizona’s Voluntary Disclosure Program

Businesses that are behind on filings may be eligible to participate in Arizona’s Voluntary Disclosure Program. This initiative allows holders to report past-due property without incurring penalties or interest, provided they disclose in good faith and comply with specified timelines.

The program typically includes:

• A look-back review period
• A filing deadline set by ADOR
• Approval from the Unclaimed Property Unit

How Eisen Helps You Stay Compliant in Arizona

Eisen’s purpose-built solutions are designed to simplify escheatment compliance in Arizona, so you can meet deadlines and fulfill obligations with minimal disruption.

• Escheatment Manager – Identifies dormant property, calculates Arizona-specific dormancy timelines, and generates state-compliant reports
• Outreach Manager – Automates due diligence, sends time-stamped physical and digital notices, and keeps your audit trail airtight
• Disbursement Manager – Ensures fast, secure, and compliant payments before abandonment, through ACH and check options

Turn Arizona Compliance Into Long-Term Impact

Timely and accurate escheatment reporting in Arizona does more than tick a regulatory box—it solidifies your organization's reputation for accountability. With Eisen, compliance becomes not just achievable, but strategic. We make it easier to protect customer assets, minimize audit risk, and create a more transparent financial process. Together, we transform compliance obligations into operational excellence.