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Monday
Jan142013

California Has Over $6.1 Billion of Unclaimed Property - Claim Yours Now!

The State of California currently has over $6.1 billion in Unclaimed Property belonging to 17.6 million individuals and organizations. 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.

Find out more at www.sco.ca.gov/upd.html. Search the database at scoweb.sco.ca.gov/UCP/Default.aspx. Or call 800.992.4647 Monday through Friday from 8 a.m. to 5 p.m.

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!

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Reader Comments (1)

This is awesome ... just found my mom a nice sum she is owed. I only found 15 bucks for me. But, that's better than a hook in the back of the head!
Thanks!!

January 15, 2013 | Unregistered CommenterCaveman Catching

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