Washington § 63.30.330 Dormancy charge.(Effective until January 1, 2026.)

Washington Statutes

§ 63.30.330 — Dormancy charge.(Effective until January 1, 2026.)

Washington § 63.30.330

Title 63PERSONAL PROPERTY

Ch. 63.30REVISED UNIFORM UNCLAIMED PROPERTY ACT

This text of Washington § 63.30.330 (Dormancy charge.(Effective until January 1, 2026.)) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 63.30.330 (2026).

Text

(1)A holder may deduct a dormancy charge from property required to be paid or delivered to the administrator if:

(a)A valid contract between the holder and the apparent owner authorizes imposition of the charge for the apparent owner's failure to claim the property within a specified time; and

(b)The holder regularly imposes the charge and regularly does not reverse or otherwise cancel the charge.

(2)The amount of the deduction under subsection (1) of this section is limited to an amount that is not unconscionable considering all relevant factors, including the marginal transactional costs incurred by the holder in maintaining the apparent owner's property and any services received by the apparent owner.

(1)A holder may deduct a dormancy charge from property required to be paid or

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(1) A holder may deduct a dormancy charge from property required to be paid or delivered to the administrator if:

(a) A valid contract between the holder and the apparent owner authorizes imposition of the charge for the apparent owner's failure to claim the property within a specified time; and

(b) The holder regularly imposes the charge and regularly does not reverse or otherwise cancel the charge.

(2) The amount of the deduction under subsection (1) of this section is limited to an amount that is not unconscionable considering all relevant factors, including the marginal transactional costs incurred by the holder in maintaining the apparent owner's property and any services received by the apparent owner.

(1) A holder may deduct a dormancy charge from property required to be paid or delivered to the administrator if:

(a) A valid contract between the holder and the apparent owner authorizes imposition of the charge for the apparent owner's failure to claim the property within a specified time;

(b) The holder regularly imposes the charge and regularly does not reverse or otherwise cancel the charge; and

(c) The holder notifies the apparent owner three months before ceasing interest payments or charging dormancy fees.

(2) The amount of the deduction under subsection (1) of this section is limited to an amount that is not unconscionable considering all relevant factors, including the marginal transactional costs incurred by the holder in maintaining the apparent owner's property and any services received by the apparent owner.

Effective date — 2025 c 29 ss 8 and 10-12: See note following RCW 63.30.230 .