Arkansas

Arkansas’s unclaimed property program is governed by the Uniform Disposition of Unclaimed Property Act and administered by the Arkansas Auditor of State. Whether you’re managing dormant accounts or uncashed checks, it’s essential to follow a proactive reporting process to protect your customers and stay ahead of audits.

Overview of Arkansas’s Unclaimed Property Law

Under Arkansas law, all businesses and financial institutions—referred to as “holders”—must report certain property that has remained unclaimed past the state’s dormancy thresholds.

Covered property types include:

• Checking and savings accounts
• Uncashed payroll and vendor checks
• Life insurance policy proceeds
• Dividends, stocks, and bond interest
• Safe deposit box contents
• Gift certificates (under specific circumstances)
  

Once items meet the dormancy criteria, businesses are required to perform due diligence and report the unclaimed assets to the Arkansas Auditor of State.

Arkansas Dormancy Periods

Timely identification of dormant property is crucial to ensure accurate and compliant reporting. Arkansas assigns the following dormancy periods by property type:

Due Diligence Requirements in Arkansas

Before filing your report, Arkansas requires holders to make a good-faith effort to notify owners of property valued at $50 or more—a process known as due diligence.

Minimum requirements include:

• Sending written notice via first-class mail to the apparent owner’s last known address no more than 180 days and no less than 90 days before submitting the final report
• Additional outreach via email or telephone is optional but encouraged
  

Arkansas Reporting Deadlines and Requirements

Arkansas’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: October 31

Additional requirements include:

• Reports must be submitted electronically in NAUPA II format
• Payments accepted via ACH, from the Arkansas Unclaimed Property Reporting Portal

Negative (zero) reports are required, even if no unclaimed property is held

Arkansas Voluntary Disclosure Program

To help companies that are out of compliance come forward voluntarily, Arkansas offers multiple options including a Voluntary Disclosure Agreement (VDA) program. This allows holders to report past-due unclaimed property without facing penalties or interest.

The program typically includes:

• A lookback review period
• A commitment to timely filing
• Active collaboration to resolve liabilities

Find more information online on the Arkansas Frequently Asked Questions (FAQ) page.

How Eisen Helps You Stay Compliant in Arkansas

At Eisen, we simplify the escheatment process so your team can focus on serving customers—not managing state-by-state compliance.

Our platform offers:

• Escheatment Manager – Automatically tracks assets nearing dormancy, calculates timelines accurately, and generates Arkansas-ready reports
• Outreach Manager – Executes due diligence efficiently, helping you stay ahead of audit expectations
• Disbursement Manager – Handles secure payment processing via checks, ACH, or wire transfers

From identifying a dormant account to submitting the final report, Eisen ensures full alignment with Arkansas regulations and broader escheatment laws by state.

Turn Arkansas Compliance Into Opportunity

Staying ahead of Arkansas’s escheatment requirements isn’t just about avoiding penalties—it’s about running a responsible, transparent operation. With Eisen as your partner, escheatment becomes a streamlined part of your financial processes, helping you build trust, manage risk, and create lasting value.