Escheatment of Official Check – Bankruptcy of Payee

Home » Topics » Compliance Masters Group (Members Only) » Escheatment of Official Check – Bankruptcy of Payee

This topic has 1 reply, 2 voices, and was last updated 9 years, 2 months ago by rcooper.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
September 14, 2015 at 12:10 pm EDT #8099

Anonymous
Inactive

We charged off a loan in 2010 due to bankruptcy. We now have an official check made payable to that company that is due for escheatment this year, as it was never cashed. (we refunded a payment in 2010 related to the bankruptcy). I assume we must still forward the funds to the state?

September 16, 2015 at 11:02 am EDT #8106

rcooper
Member

Based on your information I agree. You should be able to contact your state treasure to confirm.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.