Louisiana

Overview of Louisiana’s Unclaimed Property Law

Louisiana’s unclaimed property program is administered by the Louisiana Department of the Treasury. Under the Louisiana Unclaimed Property Act (Louisiana Revised Statutes 9:151-182), businesses and organizations, referred to as “holders”, are required to report and remit property that has remained dormant for a specific period of time.

This law includes, but is not limited to:

• Bank accounts (checking and savings)
• Uncashed payroll and vendor checks
• Insurance proceeds
• Stocks, dividends, and mutual funds
• Utility refunds and deposits
• Safe deposit box contents

After property becomes dormant, holders must attempt to contact the rightful owner (due diligence) before reporting and remitting the property to the state. Learn more about the overall escheatment process.

Louisiana Dormancy Periods

Understanding the appropriate dormancy period is essential for escheatment compliance in Louisiana. These dormancy timelines vary based on the type of property:

Learn more about tracking these timelines with Eisen’s dormant account monitoring process.

Due Diligence Requirements in Louisiana

Louisiana requires holders to make a good-faith, reasonable effort to reunite owners with their assets before reporting:

• Send a first-class mail notice to the owner’s last known address for any property valued at $50 or more, no more than 120 days and no fewer than 60 days before the due date.
• Include a description of the unclaimed property, your organization’s contact information, and a clear statement about potential escheatment to the state.
• While not required, email or phone outreach can further support compliance during audits.
  
  

Read about some best practices for automating escheat mail management.

Louisiana Reporting Deadlines and Requirements

The reporting schedule in Louisiana is straightforward and consistent:

• Report Period: July 1 - June 30
• Report and Payment Deadline: October 31
• Format: NAUPA II Standard
• Negative Reports: Not required
• Remittance Methods: ACH, wire transfer, or check

Voluntary Disclosure Program in Louisiana

Louisiana does not offer an official Voluntary Disclosure Agreement (VDA) for businesses that may have missed previous reports. Read more about available options on the Louisiana Department of the Treasury website. 

How Eisen Helps You Stay Compliant in Louisiana

At Eisen, we offer targeted solutions designed to eliminate the stress of escheatment for Louisiana holders. Whether you're managing outstanding checks or multiple dormant accounts, our platform simplifies every step.

Our tools include:

• Escheatment Manager – Tracks dormancy by property type and prepares Louisiana NAUPA reports
• Outreach Manager – Automates due diligence mailings aligned with state rules
• Disbursement Manager – Handles secure pre-escheatment payments (check, ACH, wire)‍
• Audit Support – Maintains detailed records of all outreach and reporting for audit readiness

Turn Louisiana Compliance Into an Advantage

Louisiana’s escheatment process can be complex — but it also presents an opportunity to build trust with account holders and streamline operations. With Eisen’s purpose-built escheatment services, you can ensure compliance while taking proactive steps to reconnect customers with their assets.

When compliance follows a robust process, it becomes a natural part of business as usual.