Escheat Laws: This usually refers to Unclaimed Property Statutes, although the phrase can also refer to other legal methods by which abandoned property is required to be escheated to a U.S. state or U.S. territory. Escheat Laws regulate payment instruments and Cards along with Unexercised Customer Rights and Breakage. Escheat Laws require Holders of such instruments and Cards to escheat the items to a U.S. state or U.S. territory depending upon the nature of instrument or Card and the Unclaimed Property Statute. Escheat laws may have an Escheat Exemption and the exemption may be a Conditional Escheat Exemption.
