October 6, 2008
Track Down Unclaimed Funds in CA – Part 1 of 2
(Part 1 of 2)
The California’s unclaimed money program takes in roughly $300 million annually. Why does it matter to you? Well, if you or anyone you know is or has been a resident of the Golden State (or had any kind of business dealings, whether you were aware of it or not), some of that big pile of CA lost assets could very well belong to you!
Under the CA unclaimed property law, lost 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 financial assets are handed over to the Department of the Treasury if their owners don’t locate them within a given time period. This ‘dormancy period’ varies widely from state to state, but in CA it’s 3 years. These lost assets then get moved to the California unclaimed property division, 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 recently criticized. It seems that they were eager to locate and take hold of the lost funds from the various establishments holding them but showed less interest in locating the owners in the CA unclaimed funds list.
(to be continued)
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The unclaimed £575m that could help pensioners beat credit crunch – Scotsman
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The unclaimed £575m that could help pensioners beat credit crunch
Scotsman, United Kingdom - Ministers are well aware of the huge boost that would be generated for the Scottish economy if that much money was injected into it in a single year, … |
Tips for New Yorkers to locate unclaimed funds – Newsday
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Tips for New Yorkers to locate unclaimed funds
Newsday, NY - The state of New York is currently holding about $9 billion in unclaimed funds. Does some of that money belong to you? The money in the state's unclaimed … Savings on ice: How to retrieve inactive bank accounts frozen by … |
Stimulus funds waiting – Contra Costa Times
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Stimulus funds waiting
Contra Costa Times, CA - Nationally, 4.35 million people have yet to file, leaving nearly $1.7 billion unclaimed, according to AARP. California ranks first in the nation, … |
Million Left Unclaimed Stimulus Check Money (WMBD – FOX 43 Peoria)
WMBD/WYZZ – PEORIA – It’s nearly your final opportunity to file for an economic stimulus check. More than 153,000 Illinois residents have yet to file. That adds up to more than $45 million in unclaimed payments.
