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Frequently Asked Questions

What is unclaimed property?

Generally, unclaimed property is any financial asset that hasn't had any activity for a period of one year or more and the holder of the asset is not able to contact the owner. This includes:

  • Savings accounts
  • Checking accounts
  • Uncashed dividends
  • Stocks and mutual funds
  • Customer deposits or overpayments
  • Certificates of deposit
  • Credit balances
  • Refunds
  • Matured life insurance policies
  • Uncashed death benefit checks
 

The unclaimed property law also requires that utility deposits, unclaimed wages and property resulting from a business closure, be reported as unclaimed property after one year of inactivity. The law does not include real estate.

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Frequently Asked Questions