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Escheatment regulations as they apply to local government checks
December 13, 2021
Q. I am trying to find out how the escheatment regulations apply to local governments. Currently, our AP department reissues checks that are up to 7 years old because this is generally our retention period for most department; anything older than that is then placed back in the general fund.
We have other departments that use different guidelines but I would like to find out if there are specific criteria we can use to apply to all departments.
A.
(Answered by True Partners Consulting LLC, a…
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