California’s Unclaimed Property Law requires banks, insurance companies, corporations, and certain other entities to report and submit their customers’ property to the State Controller’s Office when there has been no activity for a period of time (generally three years).
Common types of unclaimed property are bank accounts, stocks, bonds, uncashed checks, insurance benefits, wages, and safe deposit box contents.
Property does not include Real Estate or tax overage sales. There is no deadline for claiming property once it has been transferred over to the State Controller’s Office.
It’s easy to find out if the Controller is protecting property in your name
Did you receive an unclaimed property notice like this? The Controller’s team sends out notices annually in an effort to connect rightful owners with their property before it is sent to the state for safekeeping.
If you were unable to contact the related business by the deadline in the notice, you can claim the property here once it is transferred to the State Controller’s Office.
There is no time limit to claim your property.
- Video: What to do if you receive a notice from the State Controller’s Office
- Search for Unclaimed Property
The State Controller can accept electronically submitted claims for many properties under $5,000. This efficient online feature allows your claim to be processed quicker than traditional paper claims.
To find out if you have property that is eligible for electronic claim (eClaim), start your search here. If a paper claim is needed, you will see instructions on how to complete the required documents.
The State Controller’s Office has received inquiries from the public reporting the receipt of generic postcards prompting individuals to call a toll-free number regarding an unclaimed property notification.
Please not that Generousfinder.com works on a contingent basis – there are no out-of-pocket expenses to you. We’re paid ONLY upon successful collection of your claim. We cover ALL expenses related to the claim until it is paid, and if the claim is unsuccessful you owe us nothing.
Source: Read the full article here.