(Part 1 of 2)

The state of California’s unclaimed money program takes in roughly three hundred million dollars every year. Why does it matter to you? Well, if you or anyone 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 big pile of California missing money might very well belong to you!

Under the state of California unclaimed property law, lost 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 assets are handed over to the Treasury Department if the rightful owners don’t come for them within a certain time period. This ‘dormancy period’ varies widely from state to state, but in California it is 3 years. These abandoned assets then get moved to the CA unclaimed property division, where they wait in the state’s general fund until they’re returned to their rightful owners. This is where state employees who handled California unclaimed cash were recently criticized. It seems that they have been all to happy to track down and take hold of the lost assets from the various establishments holding them but but were less than enthusiastic about locating the actual owners in the California unclaimed money database.

(to be continued)

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Collecting unclaimed cash turns into an ordeal – KGO
… form to recover some lost money was one of Benjamin Dew’s final acts in 2007. “He was alive to actually sign the claim, then later that evening he passed away. It was that close,” Camille said. Camille sent in the form to Unclaimed Cash — the …

State treasurer promoting unclaimed property process – Eau Claire Leader-Telegram
But often people don’t file claims for that money because they don’t know about it. The state’s Unclaimed Property Department returned almost $27 million in unclaimed property to Wisconsin residents last year. Unclaimed property can be viewed online …

Study: Pell Grant money often goes unclaimed – Vallejo Times-Herald
Hundreds of thousands of California Community College students are eligible for federal Pell Grants but never apply for them, according to a new study by Institute for College Access and Success. The unclaimed grants leave up to $500 million …

BBB Announcing Good Rating for Unclaimed Money Search … – PRLog (free press release)
PR Log (Press Release) – Mar 26, 2010 – BBB has once again announced a good rating for Cashunclaimed.com. This goes to prove that, this unclaimed money search site is one of the most reliable for citizens trying to locate unclaimed cash with …