July 28, 2008
CA Unclaimed Money Search – Part 1 of 2
(Part 1 of 2)
The state of California’s unclaimed property department takes in about three hundred million dollars every year. What’s it to you? Well, if you or someone you know is or was a resident of the Golden State (or ever had any type of business dealings, whether you were aware of it or not), part of that massive pile of CA forgotten funds could very well belong to you!
Under the California unclaimed property (or escheat) law, missing money such as forgotten savings and checking accounts, cash and stock dividends, mineral deposits, uncashed checks and money orders, state of California unclaimed tax refunds, salary checks, gift certificates, and other assets are passed along to the Treasury Dept. if their owners don’t locate them within a certain time period. This ‘dormancy period’ varies widely from state to state, but in CA it is 3 years. These abandoned assets then head to the CA unclaimed property div, where they sit in the state’s general fund until they’re returned to the people they truly belong to. This is where state employees who handled CA unclaimed cash were criticized recently. It seems that they were eager to locate and take hold of the lost funds from the various establishments holding on to them but but weren’t so keen on tracking down the actual owners in the CA unclaimed property records.
(to be continued)
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Sheriff’s Office hopes to return unclaimed money – Gainesville Sun
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Sheriff’s Office hopes to return unclaimed money
Gainesville Sun, FL - “Oh, we’ve seen people with almost $1000 in unclaimed money,” she said. “And the list used to be longer, too.” Very few people make an effort to claim the … |
Five areas where you can save money – Dallas Morning News
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Five areas where you can save money
Dallas Morning News, TX - We're talking about unclaimed property – old savings accounts, utility refunds, dividend checks, product rebates and other money that is rightfully yours. … |
State targets property 'finders' – Las Cruces Sun-News
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State targets property 'finders'
Las Cruces Sun-News, NM - AP SANTA FE—The state tax department is requiring "finders"—people who locate the owners of unclaimed property and charge a percentage of the value—to wait … |
Criminals' cash boosts charity – Oxford Mail
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Criminals' cash boosts charity
Oxford Mail, UK - The money is available from the Police Property Act Fund. Property either seized from criminals or which remains unclaimed is auctioned off by police, … |
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