California
Good news for Californians! Over $400 million are ordered by a judge to be paid
to the owners of
unclaimed money which was in the hands of the California
Treasury Department. According to a news report
in San Francisco Chronicle, ?The ruling is the second major blow to the state
this year over how it has handled more than $5 billion in the unclaimed property
account - enough money to cover the cost of the California's 109-campus
community college system.?
The U.S. Government is holding-on to an estimated amount in the neighborhood of
$40 billion in unclaimed assets.
Imagine how much interest that generates per year! Yup, hundreds of millions. In
the Golden State alone, there is around $5 billion in unclaimed money and there
were reportedly instances where the state failed to include the interest on
successfully returned assets. This adds to the negative rulings plaguing the
unclaimed property division of the state's Treasury
Department. A federal court earlier this year
found that the state failed to notify some owners of lost assets properly before
seizing them. This resulted in a federal court ordering a cease in the seizure
of
unclaimed property by the state
until new laws were passed ensuring proper attempts to notify the owners of
such. The ban was lifted just recently.
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ND State Land Department
The North Dakota State Land Department is the state agency in charge of managing unclaimed property and state owned lands for the benefit of North Dakota's …
February 18th, 2008
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Unclaimed Money |
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If you've resided in Alaska sometime in your life and wondering now if you might
have left behind financial assets, well, there's a 70% chance you just might
have. An estimated 7 out of 10 Americans are owed
unclaimed money by the Treasury Department
in the different states across the country. The amount of
unclaimed funds currently
totals nearly $40.
Lost
financial assets are turned-over to the federal
department of each state after a certain dormancy period. The number of years
these assets have to be dormant depends on the type of of asset and on each
individual state's local laws. In Alaska, that can be 1 year for utilities and
safe deposit box contents, 3 years for things like mineral proceeds and
interest, 5 for checking and savings accounts and stock shares, and 7 years for
non-bank money orders. The longest dormancy period is 15 years for traveler's
checks.
Luckily, there's no need to leave your home in order to claim your
lost money
in Alaska - just get on a computer with internet
access and let your fingers do the work. Be warned though, as in many other
places in the world, there are also a lot of unscrupulous people on the web out
make a fast buck. They charge you per every single search, so it's easy to spend
20, 30 bucks and come-up with nothing. There are some useful ones which
show how to do effective search methods for a minimal fee. It's really your
decision on how to go about searching for your money- just do it and get what's
rightfully yours.
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Mississippi Treasury Department: Unclaimed Property
Includes online database searchable by name or company as well as forms and instructions.
Unclaimed Property
We specialize in NC Unclaimed Money, Michigan Unclaimed Money, Unclaimed Money In Texas, Indiana Unclaimed Money and an array of other products and services …
February 11th, 2008
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Unclaimed Money |
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