Connecticut

Overview of Connecticut’s Unclaimed Property Law

Connecticut’s unclaimed property program is managed by the State Treasurer’s Office. Like many states, Connecticut requires “holders”—which may include financial institutions, corporations, insurance companies, and utilities—to report and remit property that has been abandoned or unclaimed for a specific period.

Examples of unclaimed property types in Connecticut include:

• Dormant checking and savings accounts
• Uncashed payroll or vendor checks
• Life insurance policy proceeds and annuities
• Security distributions and dividends
• Safe deposit box contents

Once the dormancy period is met, holders are required to complete due diligence outreach to reconnect the owner with their assets. If the owner cannot be located, the property must be reported and remitted to the state.

Connecticut Dormancy Periods

Understanding and tracking dormancy timelines is essential for accurate reporting. Dormancy periods in Connecticut vary by property type. Below are common property types and their corresponding dormancy periods.

Due Diligence Requirements in Connecticut

Connecticut requires holders to take proactive steps to locate property owners before turning assets over to the state. This helps reduce escheatment volume and demonstrates good faith in the case of an audit.

Due diligence includes:

• Sending written notice via first-class mail for properties valued at $50 or more to the owner's last known address between July 1 and September 30 of the year the property is presumed abandoned
• Including a clear explanation of the nature of the property and instructions for how to claim it
• Other methods such as email (if permitted by the owner) or other outreach to improve owner contact rates

Connecticut Reporting Deadlines and Requirements

Connecticut follows an annual reporting schedule:

• Reporting Period: January 1 – December 31
• Report and Payment Deadline: March 31
  

Additional requirements:

• Reports must be filed electronically in NAUPA II format through the Connecticut Treasury's online portal
• Negative reports are mandatory, even if no unclaimed property is held

Remittances should be submitted via ACH, wire, or check

Connecticut Voluntary Disclosure Program

Connecticut does not offer a formal Voluntary Compliance process. However, Connecticut does offer report extensions with prior approval. Review the Connecticut Frequently Asked Questions (FAQ) for more details.

Learn more about maintaining compliance with our unclaimed property guide.

How Eisen Helps You Stay Compliant in Connecticut

At Eisen, we understand the nuances of Connecticut’s escheatment laws—and we’ve designed our solutions to make your compliance process seamless and secure. Whether you’re dealing with dormant accounts or managing the escheatment process for outstanding checks, we help you report with total accuracy and confidence.

Our escheatment services include:

• Escheatment Manager – Identifies reportable property, tracks dormancy periods across categories, and builds Connecticut-ready reports
• Outreach Manager – Automates, records, and sends required due diligence outreach to improve owner recontact
• Disbursement Manager – Manages secure payments, including ACH and check issuance, with full audit trails for every transaction

Turn Connecticut Compliance Into a Strategic Advantage

Compliance doesn’t have to be burdensome—it can be a step forward. With Eisen, you gain a partner that not only simplifies the escheatment process, but also helps you build a more transparent and trustworthy relationship with your customers.

You stay ahead of Connecticut’s escheatment requirements, reduce financial risk, and enhance operational efficiency—all with the confidence that you’re doing right by your stakeholders.

Explore our escheatment laws by state to gain a broader understanding of multi-jurisdictional compliance. Or revisit our foundational guides on what is escheatment and the escheatment process to sharpen your strategy.