(Part 1 of 2)

The state of California’s unclaimed money program takes in about $300 million every year. Why does it matter to you? Well, if you or anyone you know is or ever was a resident of the Golden State (or ever had any type of business dealings, whether you were aware of it or not), a chunk of that massive pile of CA missing money could easily belong to you!

Under the California unclaimed property (or escheat) 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 assets are turned over to the Treasury Department if the rightful 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 abandoned assets then go to the California unclaimed property division, where they wait in the state’s general fund until they’re returned to the people they truly belong to. This is where state employees who handled CA unclaimed cash were recently criticized. Seems that they have been eager to locate and collect the lost assets from the various establishments holding on to them but but weren’t so keen on contacting the actual owners in the CA unclaimed money database.

(to be continued)

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Top 10 unclaimed properties in county
A top 10 list compiled by State Treasurer Michael Fitzgerald can actually add money to peoples pickets. His list contains the top 10 unclaimed properties in Crawford County.

NYS has $9 billion in unclaimed funds
Here’s a touch of irony. New York State has a projected deficit of some $9 billion. At the same time, the State Comptroller is holding onto $9 billion in unclaimed funds.

Does the state have your money? It’s easy to check.
In Eau Claire money 10,000 people are owed $2.1 million. Are you one of them?

Combs returns money
Texas Comptroller Susan Combs came to Corsicana Thursday for two purposes, to help promote the states unclaimed money program, and to present certificates to local governments that are posting financial information on the Internet.

State adds 400,000 new names to unclaimed cash site – KOMO News
There is $750 million unclaimed money and property, and the state just added 400,000 new names to the list of people who own it. The state’s Department of Revenue holds everything from uncashed checks, to money left in safe deposit boxes when the …