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  • Florida Unclaimed Property Workshop Form

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The session will review Florida dormancy WORKSHOP AGENDA The Florida Department of Financial Services is presenting an Unclaimed Property Workshop to inform and assist business entities on issues relating to Chapter 717 Florida Statute.

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Contact the Department at EREPORTING@MYFLORIDACFO.COM or at 850-413-5522 should you have any questions. 1) Every person who is required to file a report under s. 717.117 shall simultaneously pay or deliver to the department all unclaimed property required to be reported.

Unclaimed property dormancy is a period of time during which there is no activity from the unclaimed property owner. The unclaimed property dormancy varies by property type, but is pretty uniform across the states for that type of property.

Chapter 717, Florida Statutes, requires the unclaimed property assets be held by business or government entities (holders) for a set period of time, usually five years.

The dormancy period is the time during which property remains unclaimed before becoming escheatable; for a payroll check, the dormancy period can be one, two, three, or five years, depending on the owner's address.

Financial Institutions However, Florida's dormancy period for stock or other equity is three years17. Accounts would generally not be considered unclaimed if the owner has another active account18.

Once funds have escheated to the State of Florida, there is a 10-year period of time for anyone with a valid claim to collect the funds.

Florida Unclaimed Property There is, however, no statute of limitations, and citizens have the right to claim their property any time at no cost.

A: Unclaimed paychecks are subject to escheat laws as unclaimed property. As such, the laws of the state where the employee last worked apply. As such, employers should return any uncashed paychecks to the state where the person last worked.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232