Colorado

Colorado’s unclaimed property program is managed by the Department of Treasury under the Revised Uniform Unclaimed Property Act (RUUPA). Whether you are managing dormant accounts or uncashed checks, staying compliant requires a proactive, accurate, and timely approach.

Overview of Colorado’s Unclaimed Property Law

Under Colorado’s RUUPA (CRS Title 38, Article 13), businesses and institutions known as “holders” must report specific types of property that have remained unclaimed for a certain period. This includes:

• Checking and savings accounts
• Uncashed payroll or vendor checks
• Insurance proceeds
• Securities and dividends
• Customer refunds and deposits
• Safe deposit box contents

Once the dormancy period ends, holders must attempt to contact the owner through due diligence efforts before reporting the property to the state.

Colorado Dormancy Periods

Understanding dormancy timelines is the only way to ensure timely reporting. Dormancy periods vary by property type. Below are the most common NAUPA property codes and dormancy periods in Colorado:

Note: Always verify current rules with the Colorado Department of Treasury to confirm applicable dormancy periods, especially for newer categories such as e-gift cards.

Due Diligence Requirements in Colorado

Before submitting your report, Colorado law requires holders to make a good faith effort to locate the property owner. This protects your institution and helps reunite customers with their assets.

Minimum requirements include:

• Sending written notice by first-class mail to the owner’s last known address for any property valued at $25 or more.
• Notice must be sent no more than 180 days and no fewer than 60 days before the report is filed.
• If the owner has agreed to electronic communication, notice may also be sent by email.
• While not required, additional outreach such as phone calls is encouraged and strengthens your audit file.

Colorado Reporting Deadlines and Requirements

Colorado’s reporting requirements vary depending on the type of holder: 

Insurance Companies:

• Report Period: January 1 - December 31
• Report and Payment Due: May 1

All Other Businesses:

• Report Period: July 1 - June 30
• Report and Payment Due: November 1

Reports must be filed electronically in NAUPA II format through Colorado’s online portal. Paper, CDs, or manual tapes are not accepted. Extensions up to 30 days may be available if requested at least 30 days before the original deadline.

Colorado’s Voluntary Disclosure Program

Colorado does not offer Voluntary Disclosure Agreements (VDAs). According to their website, Colorado expects holders to report and remit unclaimed property belonging to Colorado residents in accordance with the Revised Uniform Unclaimed Property law.

How Eisen Helps You Stay Compliant in Colorado

At Eisen, we make the Colorado escheatment process simpler, faster, and more reliable. Our platform covers each step of compliance from identifying dormant assets to final reporting.

• Escheatment Manager: Identifies eligible property, tracks Colorado dormancy periods, and creates ready-to-file reports.
• Outreach Manager: Sends compliant due diligence notices and logs outreach to support audits.
• Disbursement Manager: Handles secure, auditable payments through checks, ACH, and wire transfers.

Turn Colorado Compliance Into a Strength

Navigating Colorado’s escheatment laws is an opportunity to build trust and strengthen your operations. With Eisen, compliance becomes more than a checkbox. It becomes a proactive part of your strategy that protects customer assets, minimizes risk, and positions your business to thrive with confidence.