- utility deposits -- 18 months;
- money orders -- 3 years;
- bank deposits -- 3 years;
- savings accounts -- 3 years;
- matured certificates of deposits (CDs) -- 3years.
The finalized law will also result in a change to the reporting schedule effective January 1, 2013. Under this revised reporting schedule, reports will be due July 1, as of the previous March 1. Texas will become the second state (after Michigan) to use a July/March reporting period.