August 23, 2009

Search for Unclaimed Funds in California – Part 1 of 2

(Part 1 of 2)

The state of California’s unclaimed funds department takes in approximately 300 million dollars every year. What’s it to you? 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), a chunk of that big pile of Cali forgotten funds might very well be yours!

Under the CA unclaimed property 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 handed over to the Department of the Treasury if their owners don’t come for them within a given period. This ‘dormancy period’ varies from state to state, but in Cali it’s 3 years. These forgotten funds then get moved to the CA unclaimed property division, where they sit in the state’s general fund until returned to their rightful owners. This is where state officials in-charge of the Cali unclaimed cash were recently criticized. It appears that they have been eager to locate and collect the lost assets from the various establishments holding them but but weren’t so keen on contacting the owners in the Cali unclaimed funds records.

(to be continued)

Arkansas’ lone gambling counselor waiting for phone to ring – Arkansas News Bureau
LITTLE ROCK — Rudy Garza of Bella Vista is surprised no one in state government has called him. Garza, the only counselor in Arkansas certified in gambling addiction treatment, said he has not heard from state officials about providing counseling …

State treasurer’s office seeks owners of lost property – Herald & Review
DECATUR – Cash Dash, an Illinois Treasurer’s Office program designed to get unclaimed property back in the hands of its owners, is ready to go public with a list of people it wants to pay back after all these years. A treasurer’s spokeswoman said …

Winning Lottery Ticket Remains Unclaimed (WITN 7 North Carolina)
Get out your tickets and check the number. A big lotto ticket sold right here in the east remains unclaimed.

County hopes to return taxpayers’ money (Seguin Gazette-Enterprise)
SEGUIN — Lose some money? Guadalupe County Treasurer Linda Douglass might be able to help you get it back.

County hopes to return taxpayers’ money – Seguin Gazette-Enterprise
Guadalupe County Treasurer Linda Douglass might be able to help you get it back. In her quarterly report to county commissioners, Douglass said Tuesday she was looking for owners of more than $4 million in unclaimed money being held for Guadalupe …

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