October 3, 2008
Track Down California Missing Money – Part 1 of 2
(Part 1 of 2)
The state of California’s unclaimed property program takes in roughly $300 million annually. Why does it matter to you? Well, if you or someone you know is or was a resident of the Golden State (or had any kind of business dealings, whether you knew it or not), part of that big pile of CA unclaimed money could easily belong to you!
Under the California unclaimed property (or escheat) law, lost money like 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 turned over to the Department of the Treasury if their owners don’t locate them within a given period. This ‘dormancy period’ varies from state to state, but in CA it’s 3 years. These forgotten funds then head to the California unclaimed property div, where they wait in the state’s general fund until they are returned to the people they truly belong to. This is where state officials in-charge of the CA unclaimed cash were recently criticized. It seems that they were eager to locate and take hold of the lost assets from the establishments holding them but but were less than enthusiastic about contacting the owners in the CA unclaimed money records.
(to be continued)
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Stimulus Payments, Lottery Winnings Go Unclaimed (News Channel 5 Nashville)
Extra cash can be hard to come by these days, but thousands of Tennesseans are letting free money slip through their fingers. And the government is having a hard time trying to give money away.
Lottery money goes unclaimed – Herald.ie
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Lottery money goes unclaimed
Herald.ie, Ireland - Lottery bosses are looking for a €100000 winner who bought the ticket next door to their headquarters. Time is running out for the holder to come forward … |
Kansans Find $826K In Unclaimed Money At Fair – KMBC.com
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Kansans Find $826K In Unclaimed Money At Fair
KMBC.com, MO - The Kansas State Treasurer's Office said that Kansans took home more than $826000 in cash and property just by stopping by the Unclaimed Property booth at … |
State treasurer to auction unclaimed property (The Providence Journal)
It’s the state’s first public sale of unclaimed property in a decade. Items include coins and jewelry.
Does state of Iowa owe you money? – Ogden Reporter
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Does state of Iowa owe you money?
Ogden Reporter, IA - "This is one of our office's most successful ways of returning unclaimed property." Every year millions of dollars in unclaimed property is left abandoned. … |
