(Part 1 of 2)

The California’s unclaimed property program takes in approximately 300 million dollars every year. Why should you care? Well, if you or someone you know is or ever was a resident of the Golden State (or ever had any type of business dealings, whether you knew it or not), some of that big heap of CA unclaimed money might very well belong to you!

Under the CA unclaimed funds law, missing money such as forgotten checking and savings accounts, uncashed checks and money orders, mineral deposits, salary checks, cash and stock dividends, state of California unclaimed tax refunds, gift certificates, and other financial assets are passed along to the Treasury Dept. if their owners don’t locate them within a given period. This ‘dormancy period’ varies from state to state, but in CA it is 3 years. These lost assets then get moved to the CA unclaimed property div, where they sit in the state’s general fund until they are returned to the rightful owners. This is where state employees who handled CA unclaimed cash were criticized recently. Seems that they have been all to happy to locate and take hold of the lost assets from the various establishments holding on to them but showed less interest in contacting the actual owners in the CA unclaimed money list.

(to be continued)

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This money might be yours: County looking to hand out cash – Kane County Chronicle

This money might be yours: County looking to hand out cash Kane County Chronicle, IL - 16 hours ago 3 and will include a total of $47486 in unclaimed money. And an additional $98068 is available in various sums of less than $100. …

Unclaimed property lines state of Georgia’s pockets (The Florida Times-Union)
The Georgia Department of Revenue has $684 million in unclaimed property.

AG: Site Claims Even Batman Has Unclaimed Funds – NewsNet5.com

AG: Site Claims Even Batman Has Unclaimed Funds NewsNet5.com, OH - Aug 12, 2008 Pennsylvania's attorney general filed a suit against an unclaimed money Web site, saying it tells everyone they have missing fund. …

Oak Forest collects $108000 found at fatal fire – Southtown Star

Oak Forest collects $108000 found at fatal fire Southtown Star, IL - 19 hours ago The item said nothing about recovery of money or how much, only that the city was taking possession of unclaimed property pursuant to state law. …

Unclaimed checks total nearly $1.4 (KPLC Lake Charles)
Associated Press – August 17, 2008 6:44 PM ET LAKE CHARLES, La. (AP) – There’s a lot of unclaimed money in Calcasieu Parish. Nearly 4,700 senior citizens in Calcasieu Parish have not…