In some states, dormancy periods are shorter if the property owner's date of death is available and you might be required to send Due Diligence letters and report sooner. This shortened dormancy requirement applies to the following states:
- Delaware
- Florida
- Idaho
- Illinois
- Maine
- Vermont
If you provide a property owner's date of death when adding properties for these states, we will automatically use the shortened dormancy and calculate an earlier due date for the properties.
Go to Compliance Resources > By State/Province > Property Codes and reference the Standard Dormancy and Shortened Dormancy columns to see the difference in dormancy if the property owner's date of death is known.
For properties with more than one owner, all owners must be deceased to trigger the shortened dormancy period.