Rhode Island

The Office of the General Treasurer administers Rhode Island’s unclaimed property program under the Uniform Unclaimed Property Act. Businesses (“holders”) must report and remit property that remains unclaimed after a defined dormancy period. From dormant accounts to uncashed payroll checks, compliance requires accuracy, timing, and transparency.

Overview of Rhode Island’s Unclaimed Property Law

When property remains inactive or unclaimed for a set period and the holder cannot reach the rightful owner, the asset must be escheated to the state.

Common types of reportable property include:

• Checking and savings accounts
• Uncashed payroll and vendor checks
• Insurance proceeds and annuities
• Stocks and dividends
• Refunds, rebates, and credits
• Safe deposit box contents

Before filing, holders must perform due diligence outreach, submit reports electronically in the required format, and remit unclaimed property to the Office of the General Treasurer.

Rhode Island Dormancy Periods

Dormancy periods determine when assets must be reported to the state. Below are common timelines by NAUPA property code:

Due Diligence Requirements in Rhode Island

Holders must make a good-faith effort to notify owners before remitting property to the state:

• Mail notice: Send written notice by first-class mail to the owner’s last known address no more than 120 days before filing.
• Threshold: Required for property valued at $50 or more.
• Best practice: Additional outreach (phone, email) is encouraged to improve response rates and demonstrate proactive compliance during audits.

Rhode Island Reporting Deadlines and Requirements

Rhode Island follows a straightforward annual reporting schedule:

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

Additional requirements:

• Format: Electronic filing via the Holder Reporting Portal in NAUPA II format.
• Negative Reports: Required, even if no property is due.
• Remittance: Payments must be made via ACH Debit, ACH Credit, Wire Transfer, or Check.
• Securities: Transfers require pre-approval from the Treasurer’s Office.

Read more about Rhode Island’s Unclaimed Property Remittance Requirements.

Rhode Island’s Voluntary Disclosure Agreement Program

Holders that have not reported or missed deadlines may participate in Rhode Island’s Voluntary Disclosure Agreement (VDA) program.

Program benefits include:

• Resolving past-due reporting without penalties or interest.
• A structured review period to identify and report unclaimed property.
• An opportunity to clear liabilities before state enforcement begins.

Read more about Rhode Island’s Voluntary Disclosure Agreement Program. 

How Eisen Helps You Stay Compliant in Rhode Island

Eisen reduces the complexity of Rhode Island’s escheatment process with tools that make compliance seamless:

• Escheatment Manager – Identifies dormant property, tracks dormancy thresholds, and generates Rhode Island–compliant reports.
• Outreach Manager – Automates due diligence notices and maintains documentation for audit readiness.
• Disbursement Manager – Executes secure payments (ACH, check, wire) to resolve liabilities before reporting.

We also help organizations streamline compliance across jurisdictions, with guidance on specialized processes such as outstanding checks and high-volume reporting.

Turn Rhode Island Compliance Into a Business Advantage

Escheatment in Rhode Island doesn’t need to be reactive. With Eisen, you can bring structure and automation to your compliance program—reducing audit risk, protecting customer trust, and building operational strength.

Explore our escheatment services to see how Eisen can streamline your unclaimed property operations in Rhode Island and across the country. Managing obligations in more than one state? Visit our full guide on escheatment laws by state.