Abandoned or Unclaimed Property
VDA Program
Welcome to the Delaware Secretary of State Voluntary Disclosure Agreement (“SOS VDA”) program webpage. This website will provide information concerning the SOS VDA program, who is eligible, how the process works, etc. For enrollment and program details view the Steps to VDA.
On February 2, 2017 Governor Carney signed SB 13 into law which rewrote Delaware’s Abandoned or Unclaimed Property statutes.
Please see email from Secretary Bullock dated April 7, 2017 which provides guidance to Advocates and Holders in response to the new legislation.
SOS VDA Program Guidelines: The Department of State has published SOS VDA Program Guidelines. The SOS VDA Program Guidelines have been prepared to reflect the statutory change in reference to the SOS VDA Program from Section 1177 to 1173 and also references the SOS VDA Program Regulations.
Holder Handbook: The Department of Finance (“DOF”) has updated and published the Escheat Handbook (“Handbook”) as of February 2018. The Handbook provides Holders with instructions for preparing abandoned or unclaimed property reports and remittances.
NAUPA File: Holders are now able to create a NAUPA report without having to use a specialized software and can submit reports directly via the DOF website. This option is only available to Holders who are reporting a limited number of line items on their annual report or SOS VDA submission. This information will need to be manually entered by the Holder.
Recent Legislation
- Senate Substitute 1 for Senate Bill No. 79 — signed on 6/29/2017 - provides updates to and clarifies changes to Senate Bill No. 13
- Senate Bill No. 13 — signed on 2/2/2017 - make significant changes to the reporting process and look-back periods.
- Senate Bill No. 141 — signed on 7/22/2015 - extends the Secretary of State VDA program.
- Senate Bill No. 228 — signed on 6/30/2014 - codifies holding confidential financial information.
- House Bill No. 2 — signed on 1/30/13 - creates additional incentives to report abandoned property to the state.
- Senate Bill No. 258 — signed on 7/11/12 - amends the code related to abandoned or unclaimed property.
Completed Your VDA
Upon completion of the VDA, a Holder has agreed to file unclaimed property reports for three years subsequent to the completion of the VDA.
View Post VDA Compliance Requirements
Keep In Touch
Holder and Advocates - please be sure that DOS has your current and/or updated contact information so that DOS can alert you to any current events or changes.
Contact Us
For more information, share a comment or to ask a question about the VDA Program please contact us.
