N.C.G.S. Ch. 116B · North Carolina Dept. of State Treasurer — Unclaimed Property Division

North Carolina 5-Year AP Dormancy, 2-Year Wages & Tier 2 B2B Exclusion

North Carolina blends a 5-year AP dormancy period, 2-year wage clock, and Tier 2 B2B credit-balance exclusion ahead of its November 1 deadline.

Deadline: November 1 Cutoff: June 30 Tier 2 — Credit Balances Only Zero Report: Requested

North Carolina Statutory Dormancy & Compliance Schedule

NAUPA Property Stream	Statutory Dormancy	Compliance Rule
Uncashed AP Vendor Checks (CK13)	5 yrs	North Carolina exempts B2B credit memos/overpayments in an ongoing relationship while keeping uncashed AP checks reportable after 5 years.
Payroll, Wages & Commissions (MS01)	2 yrs	Never B2B exempt; applies to employee final & bonus checks.
AR Credit Balances & Overpayments (MS09)	5 yrs	Write-offs to income do not extinguish reporting obligation.
Customer Refunds (MS05)	5 yrs	Due diligence window: 60–120 days prior to November 1.
Gift Cards & Stored Value (GC / MS12)	Exempt (if no exp/fees)	Unaddressed cards route to corporate domicile under 2nd Priority.
Securities & Dividends (SC01 / SC08)	3 yrs	First-class mail for items >= $50
Virtual Currency / Digital Assets (VC)	5 yrs	Verify liquidation vs. native custodial transfer mandate.

Key North Carolina Compliance Traps & Enforcement Risks

2-Year Wage Clock vs. 5-Year AP Clock Payroll teams must pull NC uncashed paychecks at 2 years rather than waiting for the 5-year AP schedule.

NC State Treasurer Voluntary Disclosure Agreement

Waives 12% statutory interest and penalties for proactive corporate cleanups prior to audit.

Statutory Interest & Penalties: 12% interest + civil penalties under N.C.G.S. § 116B-77. Negative Report Policy: Requested for prior filers and entities incorporated or licensed in NC.

Statutory Questions & Answers

Are B2B credit memos reportable in North Carolina?

Qualifying B2B credit balances with active commercial accounts are exempt, while uncashed AP vendor checks remain reportable.