Md. Com. Law § 17-101 et seq. · Comptroller of Maryland — Unclaimed Property Unit
Maryland October 31 Compliance, Tier 1 B2B Exclusion & 3-Year Wage Rule
Maryland shares a 3-year payroll dormancy rule with New York alongside a broad B2B exclusion and October 31 fall reporting deadline.
Deadline: October 31
Cutoff: June 30
Tier 1 — Broad B2B Exempt
Zero Report: Conditional
Maryland Statutory Dormancy & Compliance Schedule
| NAUPA Property Stream | Statutory Dormancy | Compliance Rule |
|---|---|---|
| Uncashed AP Vendor Checks (CK13) | 3 yrs | Maryland provides a broad B2B exemption excluding credit balances and vendor obligations arising between business associations (verify specific entity types and exclude wages). |
| Payroll, Wages & Commissions (MS01) | 3 yrs | Never B2B exempt; applies to employee final & bonus checks. |
| AR Credit Balances & Overpayments (MS09) | 3 yrs | Write-offs to income do not extinguish reporting obligation. |
| Customer Refunds (MS05) | 3 yrs | Due diligence window: 30–120 days prior to October 31. |
| Gift Cards & Stored Value (GC / MS12) | Exempt (qualified gift cards) | Unaddressed cards route to corporate domicile under 2nd Priority. |
| Securities & Dividends (SC01 / SC08) | 3 yrs | First-class mail for items >= $100 |
| Virtual Currency / Digital Assets (VC) | 3 yrs | Verify liquidation vs. native custodial transfer mandate. |
Key Maryland Compliance Traps & Enforcement Risks
3-Year Payroll Dormancy Alignment
Unlike most states using a 1-year payroll clock, Maryland applies a 3-year dormancy period across AP, AR, and wages.
Maryland Comptroller Voluntary Disclosure
Proactive remediation waiving late penalties for non-exempt consumer and payroll obligations.
Statutory Interest & Penalties: Interest + 15%–25% civil penalties under Comptroller audit. Negative Report Policy: Required for certain regulated entities and insurance/banking holders; general corporations file when positive or requested.
Statutory Questions & Answers
What is Maryland's due-diligence threshold?
Holders must mail first-class notice 30–120 days prior to October 31 for reportable items >= $100.