Michigan Unclaimed Money

The Michigan State Treasurer is the administrator of the Uniform Unclaimed Property Act and acts as a custodian of the property so the owner may claim it, even if the original holder (like a financial institution) is no longer in business. The law also centralizes the search for lost property. The Unclaimed Property Division of the Michigan Department of Treasury is the place you have to look for forgotten back accounts or lost property. Michigan UNIFORM UNCLAIMED PROPERTY ACT (Act 29 of 1995) is an act concerning unclaimed property; to provide for the reporting and disposition of unclaimed property; to make uniform the law concerning unclaimed property; to prescribe the powers and duties of certain state agencies and officials; to prescribe penalties and provide remedies; and to repeal acts and parts of acts. It came into effect from Mar.28, 1996.

If you know anyone who has ever moved or died, the state of Michigan is probably holding unclaimed funds in their name. Please try using various combinations of your name in order to search for unclaimed money. Also bear in mind that there may be assets in your maiden name. Each year billions of dollars in dormant or lost accounts go without ever being found when governments, companies and banks lose track of the true owner of the money. This could be due to a host of reasons like marriage break up, misspelled names, businesses going bankrupt, banks getting dissolved, unexpected migration or relocation of jobs, address changes without prior notification, death, post office errors etc.

There is an alphabetical list of people whose last known address was in Michigan and who are due to receive money for unclaimed property for the number of years prescribed by statute. The Unclaimed divisions have held the accounts for more than 2 years. Even if your name is not on the list, you may wish to call the Unclaimed Property Division to check if any funds are being held in your name. It is important to note that accounts held less than 2 years are not available for public inspection.

Michigan unclaimed property or money could be in the form of funds from a dormant checking and savings accounts, un-cashed money orders, cashiers checks, mineral royalty payments, safe deposit box contents, unused gift certificates, unclaimed insurance benefits, lost cash dividends, stock, found utility deposits, unclaimed security deposits, and court deposits. Michigan unclaimed property, which was held by another state or a company, is kept in protective custody if they could not be paid to the rightful owner. The owners last recorded state address is always taken into consideration with reference to Michigan's unclaimed money.

Make sure you check with every state in which you have ever lived (unclaimed property is generally turned over to the state of your last address as reflected in the records of the business holding your found money, stock, etc.).

Do not assume that the business has your last known address. If the business holding your property doesn't have a valid address for you, the property is supposed to be sent to the state where the business was incorporated. Many large corporations are from: Delaware, New Jersey, New York, Michigan, California or other areas.

If your name does not appear in our search, you may call or write the Michigan state office for a complete Michigan unclaimed money name search...

MICHIGAN
Department of Treasury
Unclaimed Property Division
Michigan Department of Treasury
430 W. Allegan St
Lansing, MI 48922

Telephone: (517) 636-5320
Fax: (517) 636-5324

Web Site:
Michigan Unclaimed Money