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Texas Unclaimed Property Compliance

Did You Know?

As a business operating in Texas, you are required by the Texas Property Code to report to the state any unclaimed bank accounts, uncashed checks or wages, customer/vendor credits or any other outstanding monetary obligation. Property is considered unclaimed when you have not been in contact with the owner for a certain period of time.

An Important Due Date

Unclaimed property reports are due on or before July 1 of each year. Texas Property Code Section 74.709 provides that, in addition to penalties and interest, a holder who fails to pay or file a property report timely is subject to a civil penalty not to exceed $100 per day for each day the report or payment is delinquent.

More Information

For information on complying with unclaimed property laws, please visit the Unclaimed Property Reporting web page. You may also contact our Holder Reporting Section via email or at 800-321-2274, Option 2.