Kansas

Overview of Kansas’s Unclaimed Property Law

In Kansas, the Unclaimed Property Act governs how businesses, also known as holders, manage and report unclaimed property. This includes a wide range of assets, from uncashed checks to dormant accounts and unclaimed securities. The responsibility falls on the holder to identify eligible property, complete the required due diligence, and file a report with the state.

The Kansas State Treasurer oversees the unclaimed property program. Property types commonly subject to escheatment include:

• Checking and savings accounts
• Outstanding payroll or vendor checks
• Refunds and overpayments
• Stocks, dividends, and mutual funds
• Insurance policy proceeds
• Safe deposit box contents

Learn more from the Kansas State Treasurer's unclaimed property page.

Kansas Dormancy Periods

Dormancy periods determine when property is considered unclaimed. While these periods vary depending on the asset type, most fall between 1 and 5 years.

Need help managing aging liabilities? Learn how to identify and monitor dormant accounts effectively.

Due Diligence Requirements in Kansas

Like many states, Kansas requires holders to make a good faith effort to reunite owners with their property before reporting it to the state. This step ensures transparency and strengthens your customer relationships.

Holder requirements include:

• Mailing a first-class notice at the owner’s last known address, no more than 120 days and no less than 60 days before filing the report
• Notices must be sent for any property valued at $100 or more, with some exceptions
• While not mandatory, additional contact methods (email, phone, or other digital communications) are recommended

For a secure and trackable workflow, Eisen’s escheat mail management module helps automate the outreach process.

Kansas Reporting Deadlines and Requirements

Kansas’s reporting requirements vary depending on the type of holder.

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

Key submission requirements include:

• Filing in NAUPA format through Kansas's online portal
• Remitting funds via ACH, wire transfer, or check
• Negative (zero) reports are not required

Accurate reporting begins with understanding the full escheatment process.

Kansas’s Voluntary Compliance Program

Kansas offers a Voluntary Compliance Program (VCP) for businesses that need to address past-due unclaimed property. This program allows holders to self-report liabilities without incurring penalties or fines.

VCPs typically allow:

• A formal review window with flexibility to resolve historical liabilities
• Waived penalties upon full and truthful disclosure
• An opportunity to resolve issues before facing enforcement actions

Considering a VCP? Review the Kansas Voluntary Compliance Program Agreement.

How Eisen Helps You Stay Compliant in Kansas

At Eisen, we simplify and strengthen your unclaimed property processes across the board. Our platform is built to support compliance without taking your attention away from your business priorities.

Here's how we help:

• Escheatment Manager – Pinpoints reportable property and generates accurate Kansas reports in NAUPA format
• Outreach Manager – Automates due diligence communications to reduce escheatment volume and strengthen audit defense
• Disbursement Manager – Handles owner payments securely through check, ACH, or wire—ensuring every transaction is auditable

Whether handling escheatment for investment accounts, retirement plans, or utility companies, our tools scale to meet your needs.

Turn Kansas Compliance Into a Strategic Advantage

Unclaimed property compliance in Kansas isn’t just a task to check off—it’s an opportunity to build trust and reduce risk. With Eisen’s guidance and technology, even the most complex reporting obligations become manageable.

Let's turn your escheatment challenges into robust processes that support long-term growth.