T.C.A. § 66-29-101 et seq. (TN-RUUPA) · Tennessee Dept. of Treasury — Unclaimed Property Division

Tennessee RUUPA Tier 3 Commercial Deferral & November 1 Filing

Tennessee's adoption of RUUPA preserved an ongoing-business-relationship deferral alongside electronic notice flexibility and a 1-year payroll dormancy rule.

Deadline: November 1 Cutoff: June 30 Tier 3 — Active Relationship Deferral Zero Report: Requested

Tennessee Statutory Dormancy & Compliance Schedule

NAUPA Property Stream	Statutory Dormancy	Compliance Rule
Uncashed AP Vendor Checks (CK13)	3 yrs	Tennessee RUUPA defers dormancy for B2B property owed <= $50 or where an ongoing commercial relationship exists; terminated accounts remain reportable after 3 years.
Payroll, Wages & Commissions (MS01)	1 yr	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: 60–180 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)	3 yrs	Verify liquidation vs. native custodial transfer mandate.

Key Tennessee Compliance Traps & Enforcement Risks

Tracking Relationship Termination Dates Accounting teams must verify last invoice/payment dates in the ERP to prove an active commercial relationship still exists.

Tennessee Treasury Voluntary Disclosure Program

Proactive self-audit program waiving penalties and interest prior to audit notice.

Statutory Interest & Penalties: Statutory interest + civil penalties. Negative Report Policy: Requested for prior filers and active TN entities.

Statutory Questions & Answers

What is Tennessee's dormancy period for unclaimed payroll?

1 year from the date the wage or commission became payable.