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Archive for June, 2010

California Is Sitting on Billions in Unclaimed Property

Thursday, June 24th, 2010

California, one of the largest states in U.S., is currently sitting over more than $5.7 billion in the form of unclaimed property belonging to approximately 11.6 million individuals and organizations. This unclaimed cash is a part of over $ 32 billion unclaimed cash and property held by various states of U.S.

The state of California has enacted Unclaimed Property Law that requires property holders such as corporations, business associations, financial institutions and insurance companies to annually report and return dormant property to the State Controller’s Office.

Unprecedented Efforts

Michigan Experiences High Turnout in Returning Unclaimed Money

Tuesday, June 22nd, 2010

Michigan State is taking to returning of unclaimed money on war footing. The Michigan State Treasurer is the administrator of the Uniform Unclaimed Property Act that came into existence on Mar 28, 1996. Since then, the state has left no stone unturned to handover the unclaimed property to the rightful owner. This act concerning unclaimed property provides for the reporting and disposition of unclaimed property, held by any agency or holder.

If you hold any unclaimed property in your name, then the Unclaimed Property Division of the Michigan Department of Treasury is the place where you could get to know about it. Understanding this, a large number of Michigan citizens are coming forward to claim unclaimed money.

2010 Brings About Wave of Claiming Unclaimed Money 

Friday, June 18th, 2010

Unclaimed money has been a cause of concern for all U.S. states. All fifty states and other federal agencies are jointly sitting on over $32 billion of unclaimed cash and property from over 117 million accounts, waiting for the rightful owners to turn up. Though unclaimed money has existed for a while, its immense pile up in recent years has raised alarm with the authorities. The last decade, especially the last five years has seen fervent efforts from the authorities to reduce the burden by returning the unclaimed cash to its owners.

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When you perform a free trial search on CashUnclaimed.com we display the total dollar amount in unclaimed funds that we show reported by the appropriate government agencies. This does not guarantee that this money is 100% absolutely yours. What it means is that there is that total dollar amount shown by government agencies under your name and common variations of your name at the last time we had the information available to us was reported as unclaimed and is able to have a claim form submitted to be paid that amount. For more information please read our terms of use by clicking the link above.