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Old 08-24-2009, 11:12 AM
kayleen kayleen is offline
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Default AZ Law regarding patient refunds

I am trying to understand AZ Laws regarding the unclaimed property. Is there a minimum balance for patient credit refunds on patients that you can not contact or find to disburse the refund? I have researched many articles and the answers vary greatly: You don't have to refund the patient at all if the credit is under $25; You don't have to refund if under $50; Have to refund ANY amount within 60 days; Have to refund patient credit balances quarterly. Also, is there a minimum balance in AZ that we have to report unclaimed credit balances to the State? And do we have a certain number of years to locate the patient? I am very confused and the articles & state laws are confusing me more.
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Old 08-24-2009, 02:34 PM
jillmtom jillmtom is offline
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Hello:

I don't have all the answers you are looking for, however I do know that AZ has no minimum dollar amount/value regarding unclaimed property.

Per the www.azunclaimed.gov website FAQs.

Good Luck!
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