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Abandoned or Unclaimed Property
VDA Program



Post VDA Compliance Requirements


Pursuant to the terms of Form VDA-2, Holder is required to file unclaimed property reports with the Department of Finance (“DOF”) for the three report years following the completion of the Holder’s abandoned and unclaimed property VDA with the Secretary of State.  This period is referred to as Post VDA Compliance period.  The reports should be filed according to the instructions provided by DOF for each of the entities included in the VDA and/or its successor entity(ies).  DOF’s Holder Reporting Guidelines are available here.

The following provides answers to questions related to Post VDA Compliance.

Holder  Type Period Ending Final Report and Payment Due
Banking Organizations  June 30th  November 10th
 Insurance Companies  December 31st  December 20th
 All Other Holders & Business Associations  December 31st  March 1st

 

DOF requires that all annual reports be completed and submitted electronically via the State’s online portal. DOF no longer accepts paper reports. https://delaware.findyourunclaimedproperty.com/app/holder-info

Paper copies of Forms AP-1 and AP-2 are no longer required. DOF requires all reports to be submitted online.

The State of Delaware no longer requires Holders to submit a negative report.

Please note that Holders within the Post VDA Compliance period should file a negative (“zero”) report, if applicable, during the three year Post VDA Compliance period.

No. Holders do not need to send a copy of the annual report to the Department of State. To satisfy Post VDA Compliance, Holders only need to file its annual report with DOF.

A Holder should examine its books and records to determine if there is property due to Delaware and if it meets the reporting requirements. If so, a Holder should report any abandoned or unclaimed property.

See Securities Registration and Remittance Instructions

Holders are required to notify the State of all securities being delivered two days prior to actual delivery. The notification must include a list of the securities, their CUSIP numbers, the number of shares, issue names, and the delivering party’s DTC participant number. This information should be faxed to:

  1. Conduent at (617) 532-8762, Attn: Custody Department AND
  2. Delaware State Escheator at (302) 622-4114, Attn: Securities Unit, or Email escheat.holderquestions@state.de.us

See the DOF’s Delaware Reporting Handbook for additional information related to annual reporting:

https://delaware.findyourunclaimedproperty.com/docs/Escheat%20Holder%20Reporting%20Handbook_Rewrite_022018.pdf

Delaware’s Federal Employer Identification is 51-6000279.

For Checks: Please make checks payable to: Delaware State Escheator.  All checks must include the organization’s name EIN used during submission of the report.

Mail all checks to:

Delaware Department of Finance
Office of Unclaimed Property
820 North French St
8th Floor
Wilmington, DE 19801

For ACH or Wire Transfers: Advance notification of ACH and wire payments is required. Contact the State of Delaware via email at escheat.holderquestions@state.de.us or at (302) 577-8782, Option 3, and include the organization’s name and EIN used during the submission of the report in the notification.

 

 

 

 

 

 

 


Legal Disclaimer: The materials contained herein are intended to provide information in regard to the subject matter covered. The Delaware Department of State is not engaged in rendering legal, accounting, or other professional services. If legal advice or other professional assistance is required, the services of a qualified professional should be sought.

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