Oregon

Oregon’s unclaimed property program is managed by the Oregon State Treasury under ORS Chapter 98. If your institution holds dormant accounts, uncashed checks, or other unclaimed property, adopting a proactive and accurate approach is essential.

Overview of Oregon’s Unclaimed Property Law

Oregon law requires businesses and financial institutions, also known as holders, to report unclaimed property once it has remained dormant for a specific period. This includes:

• Checking and savings accounts
• Uncashed payroll and vendor checks
• Insurance benefits and premium refunds
• Stocks, dividends, and mutual funds
• Customer refunds and deposits
• Safe deposit box contents

When the dormancy period ends, holders must complete due diligence efforts to contact owners, then report and remit the property to the state.

Oregon Dormancy Periods

Dormancy periods in Oregon vary by property type. Here are some of the most common timelines, along with the NAUPA property codes and dormancy periods.

Due Diligence Requirements in Oregon

Before reporting, Oregon law requires holders to make a good-faith effort to contact the property owner. This typically involves:

• Sending a first-class mail notice to the owner’s last known address at least 60 days before filing the report for any property valued at $50 or more
  
• Although not required by law, reaching out by phone or email is encouraged to improve owner reunification and show good-faith compliance during audits

Oregon Reporting Deadlines and Requirements

Oregon uses a consistent annual reporting schedule.

• Report Period: July 1 - June 30
• Report and Payment Deadline: November 1

Reports must be filed electronically through the Oregon State Treasury Unclaimed Property Portal, generally using the NAUPA format. Oregon also allows negative reports, even if you have no unclaimed property to report.

Oregon’s Voluntary Disclosure Program

If your business is behind on reporting, Oregon offers a Voluntary Disclosure Agreement (VDA) program. This allows holders to come into compliance without penalties or interest. It is a practical way to resolve past-due obligations and reduce risk moving forward.

How Eisen Helps You Stay Compliant in Oregon

At Eisen, we make the escheatment process simple from start to finish. Here’s everything included in our platform:

• Escheatment Manager: Identifies reportable property, monitors Oregon-specific dormancy periods, and generates compliant reports
  
• Outreach Manager: Sends due diligence notices automatically to reduce risk and improve owner recontacts
  
• Disbursement Manager: Manages secure payments by check, ACH, or wire with clear audit trails
  

Whether you are learning about the process, actively managing an outstanding check list or preparing to file across multiple states, Eisen provides the tools and expertise you need.

Turning Oregon Compliance Into an Advantage

Oregon’s escheatment requirements do not have to feel burdensome. With Eisen, compliance becomes an opportunity to build trust, reduce risk, and strengthen your operations. Our tailored escheatment services help you meet every deadline with confidence so you can stay focused on creating meaningful impact for your customers.