Nebraska

The Nebraska State Treasurer manages the state’s unclaimed property program with a focus on reuniting owners with their assets while holding businesses accountable. From dormant accounts to uncashed checks, Eisen supports your compliance journey with strategic tools and expert guidance.

Overview of Nebraska’s Unclaimed Property Law

Nebraska’s Uniform Disposition of Unclaimed Property Act requires holders—such as financial institutions, insurance companies, utilities, and other businesses—to report property that has remained abandoned for a specified dormancy period.

Eligible property types include:

• Checking and savings accounts
• Uncashed payroll and vendor checks
• Credit balances and refunds
• Life insurance proceeds
• Securities and dividends
• Safe deposit box contents

After the dormancy period expires, holders must conduct due diligence to locate the rightful owner, then file a report with the Nebraska State Treasurer.

Nebraska Dormancy Periods

Dormancy timelines vary depending on asset type. Below is a summary of commonly reported property:

Note: Consult the Nebraska Unclaimed Property Act for full details. Some property types, like certain gift certificates or gift cards, may be exempt.

Due Diligence Requirements

Before reporting, holders must make reasonable efforts to contact owners.

Requirements include:

• Sending a notice to the owner’s last known address no more than 120 days and no fewer than 60 days before filing, for items valued at $25 or more.
• Supplemental outreach (email, phone) is recommended but not required.
• Retaining documentation of outreach efforts for audit purposes.

Reporting Deadlines and Requirements

Nebraska 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 requirements:

• Reports must be filed electronically in NAUPA II format via the Nebraska Unclaimed Property Reporting System.
• Negative reporting is optional but considered best practice.
• Remittance is accepted via ACH Debit, ACH Credit, and Check.

For full details, visit the Nebraska State Treasurer’s Unclaimed Property page.

Voluntary Disclosure Program (VDA)

Nebraska does not offer a formal Voluntary Disclosure Agreement (VDA). However, Nebraska does allow holders to request an extension of the holder reporting deadline.

How Eisen Helps You Stay Compliant

Eisen equips your team with tools to meet Nebraska’s escheatment requirements efficiently:

• Escheatment Manager – Tracks dormancy thresholds and generates Nebraska-compliant reports.
• Outreach Manager – Automates owner notices with full audit documentation.
• Disbursement Manager – Executes secure disbursements via ACH, check, or wire.

Our platform scales with your needs, whether you manage Nebraska compliance alone or across multiple jurisdictions.

Turning Compliance Into Advantage

In Nebraska, compliance isn’t just about risk avoidance, it’s about trust and operational strength. Eisen helps you:

• Reduce liability and avoid penalties
• Strengthen customer relationships
• Streamline compliance with automation

With Eisen, escheatment becomes a strategic advantage, giving your business confidence and control in Nebraska and beyond.