About shortened dormancy
The property owner's death may shorten due diligence and reporting timelines.
In some states, dormancy periods are shorter if the property owner's date of death is known and you might be required to send due diligence letters and report sooner. This shortened dormancy requirement applies to the following states:
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Delaware
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Florida
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Idaho
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Illinois
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Maine
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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 the Compliance Resources page and select Property Codes on the By State/Province tab. Reference the Standard Dormancy and the Shortened Dormancy columns to see the difference in dormancy if the property owner's date of death is known.
Note:
For properties with more than one owner, all owners must be deceased to trigger the shortened dormancy period.