The State of California currently has over $7 billion in unclaimed property belonging to 28.6 million individuals and organizations (as of July 2015). That's nearly half of the state's population!
California's Unclaimed Property Law which requires "holders" such as corporations, business associations, financial institutions, and insurance companies to annually report and deliver property to the Controller's Office after there has been no customer contact for three (3) years. Often the owner forgets that the account exists, or moves and does not leave a forwarding address or the forwarding order expires. In some cases, the owner dies and the heirs have no knowledge of the property.
The most common types of Unclaimed Property are bank accounts and safe deposit box contents, stocks, mutual funds, bonds, and dividends, uncashed cashier's checks or money orders, certificates of deposit, matured or terminated insurance policies, estates, and mineral interests and royalty payments, trust funds and escrow accounts.
Search by last name and drill down by city if you'd like. But perhaps you might want to try the first few letters of your name and city...maybe someone misspelled your name!
There are over 50,000 unclaimed accounts in Thousand Oaks alone!