(Part 1 of 2)

The California’s unclaimed money program takes in about three hundred million dollars every year. Why does it matter to you? Well, if you or someone you know is or has been a resident of the Golden State (or ever had any type of business dealings, whether you knew it or not), some of that big heap of California unclaimed money might very well be yours!

Under the CA unclaimed property (or escheat) 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 assets are passed along to the Treasury Dept. if their owners don’t come for them within a certain time period. This ‘dormancy period’ varies from state to state, but in California it is three years. These abandoned assets then get moved to the California unclaimed property div, where they sit in the state’s general fund until returned to their rightful owners. This is where state officials in-charge of the California unclaimed cash were recently criticized. It appears that they have been all to happy to track down and take hold of the lost funds from the various establishments holding them but but weren’t so keen on contacting the owners in the California unclaimed money list.

(to be continued)

–

New York is Returning Unclaimed Money to Citizens – Connect
The state of New York is home to one of the largest unclaimed money pools in the country. The New York state treasury is taking all the measures to relocate the rightful owners of the unclaimed money. At current count …

Find Out How To Get Your Unclaimed Money From The Clerk Of Court
The Spartanburg county Clerk of Court released a listing for its unclaimed funds on the Clerk of Court Web site.

Father, Son Accused Of Stealing Unclaimed Funds – CBS 13/CW31 Sacramento
A father and son are accused of stealing $1.6 million from residents who were owed money from California’s unclaimed property fund. Thomas Rodine, a 56-year-old from Carmichael, and 28-year-old Dustin Rodine of Citrus …

Find Unclaimed Cash & Property – msnbc.com
WYFF 4.com Every state in the United States, District of Columbia, Puerto Rico, the U.S. Virgin Islands have unclaimed property programs that actively find owners of lost and forgotten assets. Unclaimed property laws …