How is unclaimed property reported?

Each state has unclaimed property or escheat laws that require the reporting of funds held for its residents. Once unclaimed property has reached the state’s required dormancy period, it is paid to the state of the owner’s last known address.

Why did I receive a due diligence letter?

Merit Energy Company makes a good faith attempt to return various forms of unclaimed property to the rightful owner or heirs by issuing due diligence letters, as set out in each states guidelines. If we are unable to release funds due to no contact, we are required by...