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.
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:
See the DOF’s Delaware Reporting Handbook for additional information related to annual reporting:
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
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 email@example.com 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.