Vermont

The Vermont Office of the State Treasurer administers the state’s unclaimed property program under the Vermont Uniform Unclaimed Property Act. From dormant accounts to uncashed checks, compliance requires diligent recordkeeping, timely reporting, and proactive outreach.

Overview of Vermont’s Unclaimed Property Law

Vermont law requires holders—such as banks, insurers, utilities, and other businesses—to report and remit property that has remained unclaimed after a defined period of dormancy.

Common reportable property types include:

• Checking and savings accounts
• Uncashed payroll and vendor checks
• Credit balances and overpayments
• Insurance proceeds and annuities
• Dividends, stocks, and other securities
• Contents of safe deposit boxes

Once property meets its dormancy threshold, holders must make good-faith efforts to locate the owner before reporting and remitting the property to the state.

Vermont Dormancy Periods

Dormancy periods define how long property must remain inactive before being considered unclaimed. Below are common dormancy timelines for Vermont:

Due Diligence Requirements in Vermont

Before reporting, Vermont requires holders to make a good-faith effort to contact property owners.

Key requirements include:

• Mail notice: Send by first-class mail to the owner’s last known address for property valued at $50 or more, between 60-180 days prior to the reporting deadline
• Best practice: Although optional, supplemental outreach (email, phone, or digital contact) can improve recontact success rates and strengthen audit defense.

Effective due diligence greatly reduces escheatment volumes and demonstrates a strong compliance posture.

Vermont Reporting Deadlines and Requirements

Vermont follows an annual reporting cycle:

• Report Period: January 1 - December 31
• Report and Payment Deadline: May 1

Additional requirements:

• Format: Reports must be filed electronically in NAUPA II format.
• Submission: Through Vermont’s online reporting portal.
• Remittance: Accepted via ACH Credit, Wire Transfer, or Check.
• Negative Reports: Encouraged but not mandatory.

Read more on Vermont’s Holder Information and Resources page.

Vermont’s Voluntary Compliance Program

Businesses that are behind on reporting can use Vermont’s Voluntary Compliance Agreement (VCA) Program to come into compliance without penalties.

Program benefits:

• Waiver of penalties and interest for voluntarily disclosed property.
• Defined self-audit process with a structured remediation timeline.
• Opportunity to address legacy compliance gaps before facing an audit.

Eligibility:

• Holder is not currently under an Unclaimed Property examination
• Holder has been notified of the intent to conduct an unclaimed property audit

How Eisen Helps You Stay Compliant in Vermont

Eisen simplifies Vermont compliance with tools designed to reduce manual effort, improve accuracy, and strengthen audit readiness.

• Escheatment Manager – Automates dormancy tracking and generates Vermont-compliant reports.
• Outreach Manager – Automates required due diligence notices, ensuring timely and auditable owner outreach.
• Disbursement Manager – Provides secure, traceable payment workflows (ACH, check, wire) to reduce reportable liabilities.

Eisen also supports specialized property types such as investment accounts, retirement accounts, and utility-related assets that often require extra attention.

Turn Vermont Compliance Into a Strategic Advantage

Compliance in Vermont isn’t just about meeting deadlines—it’s about demonstrating transparency, protecting customer assets, and building operational resilience. With Eisen, you can transform what often feels like a regulatory burden into a streamlined, proactive process that reduces risk and strengthens trust.

Managing unclaimed property nationwide? Explore our guide to escheatment laws by state or learn more about our escheatment services.