Kentucky

Kentucky’s unclaimed property program is administered by the Kentucky State Treasurer’s Office under KRS Chapter 393. Businesses that hold dormant or abandoned assets have a legal obligation to report them, ensuring rightful owners can reclaim what’s theirs.

Overview of Kentucky’s Unclaimed Property Law

Under Kentucky law, “holders” (such as banks, insurance companies, utilities, and corporations) must report unclaimed property after a designated dormancy period has passed. The property types that fall under this law include:

• Uncashed payroll or vendor checks
• Bank accounts (checking, savings, CDs)
• Insurance policy proceeds
• Securities and dividends
• Safe deposit box contents

Once deemed abandoned, property must be reported to the Kentucky State Treasurer, and holders are required to make a good-faith effort to contact owners during the due diligence process. Learn more about the overall escheatment process here.

Kentucky Dormancy Periods

Each property type has its own dormancy timeline in Kentucky. Knowing these timelines helps ensure accurate and timely reporting:

Due Diligence Requirements in Kentucky

Kentucky mandates a due diligence effort before escheating property to the state. This step ensures businesses attempt to resolve ownership questions directly with account holders and provides protection during audits.

At minimum, Kentucky requires:

• A first-class mail notice sent no more than 180 days and no fewer than 60 days prior to the report filing deadline for property valued at $50 or more
• In addition to mail, holders are encouraged to use phone, email, or other documented outreach methods as part of their due diligence process
  

Need help with outreach? Explore how our escheat mail management solution supports due diligence efforts.

Kentucky Reporting Deadlines and Requirements

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

• 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 requirements include:

• Reports must in NAUPA format and filed through the official Kentucky portal
• Remittance can be sent via ACH or check
• Negative (zero) reports are not required

Visit the Kentucky Treasury’s Frequently Asked Questions (FAQ) for more information and guidance.

Kentucky’s Voluntary Disclosure Program

Kentucky does not offer an official Voluntary Disclosure Agreement (VDA). However, Kentucky does provide a report extension with prior approval. This extension must be requested in writing before the reporting deadline. For more details, refer to the Kentucky Holder Information webpage.

Learn more about maintaining compliance with our unclaimed property guide.

How Eisen Helps You Stay Compliant in Kentucky

Keeping up with Kentucky’s unclaimed property obligations doesn’t have to be overwhelming. Eisen’s suite of purpose-built tools equips your compliance team to manage reporting obligations with confidence and control.

Here’s how we help:

• Escheatment Manager – Identifies dormant property, monitors dormancy timelines, and generates Kentucky-compliant reports
• Outreach Manager – Automates required notices and tracks responses to bolster your due diligence process‍
• Disbursement Manager – Allows for secure, auditable payment options (ACH, check, or wire) as part of resolving old obligations

Turn Kentucky Compliance Into a Strategic Advantage

In Kentucky, unclaimed property compliance is an opportunity to demonstrate care for both your regulatory responsibilities and your customers. At Eisen, we don’t just help you check a box—we turn compliance into a streamlined, auditable process that builds organizational resilience. We’re here to make escheatment management one less thing for your team to worry about.

For additional support across jurisdictions, see our guides on dormant accounts, investment accounts, retirement plans, and more.