Lost Money In NY State $90,655,975 In Claims Processed In 2020 (So Far)

According to the office of the New York State Comptroller, $90,655,975 in claims have been processed and returned so far in 2020.

The State of NY processes both online and paper claims and online claims take around two weeks to process.

If you filed a paper form, it takes longer to process because they must open, sort, and scan it before they can start processing it.

Claims For Individuals

Individuals can submit claims for individuals online or by mail.

Search To See If You’re Owed Anything

Enter your name in the Search for Individual box on our Search for Lost Money page.

Submit Your Claim

Online

  • Select the item you wish to claim from the search results.
  • Follow the step-by-step directions and prompts that appear onscreen after your Search.
  • Based on your answers and the information they have on file, they’ll let you know if your claim was successful or not.

By Mail

If you can’t submit your claim online – or choose not to – follow these steps:

  • Complete the information requested on the “Mail Claim Form” page that appears after you select a name from the search results or select the “Mail Claim Form” link.
  • Enter your full name and current address to generate a claim form.
  • Print the form.
  • Sign the form and have your signature notarized by a licensed notary public.
  • Attach the Required Documentation.
  • Mail to:
    Office of the State Comptroller
    Office of Unclaimed Funds
    110 State Street
    Albany, New York 12236

When you get your check, please cash it as soon as possible. You have until December 31 of the following calendar year to cash it. For example, a check issued on March 1, 2014, may be cashed until December 31, 2015. If you don’t cash your check, it will be reported as unclaimed funds and you’ll have to file a new claim.

Claims For Businesses And Organizations

You can submit claims for a business or organization by mail.

Claims for Deceased Owners and Estates

You can submit claims for deceased owners and estates online or by mail.

Who Can Submit a Claim for a Deceased Owner

  • Court appointed estate representative – if the court ever appointed a person to handle the deceased owner’s estate, that person must submit the claim.  Otherwise, claims can be filed by:
  • Surviving spouse
  • Immediate blood relative (children, parents, siblings)
  • Other blood relative (grandchildren, niece/nephew, aunt/uncle, cousins)
  • Creditor (such as the payer of funeral expenses)

In some cases a Voluntary Administrator may need to be appointed, particularly if the claim exceeds $1,000. Visit the Office of Court Administration website for more information.

How to Claim for a Deceased Owner

You can submit your claim online if your relationship to the owner is listed above.  You’ll need to have the owner’s social security number (SSN).

  • Enter the name of person you’re claiming for in the “Search for Individual” box on our Search for Lost Money page and select the item you wish to claim from the results.
  • Select your relationship to the owner.
  • If you have the owner’s SSN, select “yes” and next to continue.
  • Enter your SSN and the owner’s SSN.
  • Complete the Contact Information page – be sure to verify that your contact information is correct.
  • Validate your claim to submit and obtain your confirmation number.
  • We’ll send you an email within 24 hours explaining what documents are needed to complete your claim. Typically, we require a copy of the death certificate and Letters of Authority or a Small Estates Affidavit.
  • Send us the requested documents online by using your phone or mobile device to take a picture of the documents.

How to Claim for a Deceased Owner by Mail

Submit your claim by mail if your relationship to the owner is not listed above or if you don’t have the owner’s SSN.

  • Enter the name of person you’re claiming for in the Search for Individual box on our Search for Lost Money page.
  • Select your relationship to the owner.
  • If you don’t have the owner’s SSN, select “no” and next to continue.
  • Complete the information requested on the Mail Claim Form page.
  • Print the form, sign it and have your signature notarized by a licensed notary public.
  • Attach the documents listed in the Required Documentation section of the claim form.  These documents may include:
    • A copy of the owner’s death certificate.
    • Proof of Address or Ownership connecting the owner to the address or funds.
    • Letters of Authority (Testamentary/Administration) issued by the court certifying your appointment dated within last six months (if claiming as a representative).
    • Small Estates Affidavit (if claiming as a relative or creditor)
  • Mail to:
    Office of the State Comptroller
    Office of Unclaimed Funds
    110 State Street
    Albany, New York 12236

What to Expect Next

They’ll let you know if they need more information. Don’t pay for documentation or services until they notify you that you’re entitled to the claim.

They process most claims involving deceased owners within 90 days. Claims involving complicated estates may take longer. They can process your claim faster if you send them the requested documents online.

When you get your check, please cash it as soon as possible. You have until December 31 of the following calendar year to cash it. For example, a check issued on March 1, 2014, may be cashed until December 31, 2015. If you don’t cash your check, it will again be reported as unclaimed funds and you’ll have to file a new claim.

Claims on Behalf of Another Person

You can submit claims as a parent, custodian, guardian, conservator, trustee, power of attorney or legal representative on behalf of another person by mail.

  • Enter the name of person you’re claiming for in the Search for Individual box on our Search for Lost Money page.
  • Select the item you wish to claim from your search results.
  • Generate a claim form by completing the information requested on the Mail Claim Form page.
  • Print the form.
  • Attach Proof of Address or Ownership connecting the owner to the address or funds.
  • Provide the following documents as they apply:
    • Court documents or other signed legal document giving you authority to act on the owner’s behalf.
    • Affidavit from the Power of Attorney that the grantor is living and the power of attorney remains in full force and effect.
    • Copy of the child’s birth certificate (if under age 18).
  • Sign the form and have your signature notarized by a licensed notary public.
  • Mail to:
    Office of the State Comptroller
    Office of Unclaimed Funds
    110 State Street
    Albany, New York 12236

Joint Accounts or Multiple Owner Accounts

You can submit claims for joint accounts or multiple owner accounts by mail.

  • Enter the name of person you’re claiming for in the Search for Individual box on our Search for Lost Money page.
  • Select the item you wish to claim from your search results, then complete the Mail Claim Form.
  • One of the owners can submit a claim.
  • If there is a death, divorce or other type of change associated with the account, also supply supporting documents.
  • Sign the form and have your signature notarized by a licensed notary public.
  • Mail to:
    Office of the State Comptroller
    Office of Unclaimed Funds
    110 State Street
    Albany, New York 12236

When you get your check, please cash it as soon as possible. You have until December 31 of the following calendar year to cash it. For example, a check issued on March 1, 2014, may be cashed until December 31, 2015. If you don’t cash your check, it will be reported as unclaimed funds and you’ll have to file a new claim.

Search for Lost Money In NY State

 

Sources:
https://www.osc.state.ny.us/ouf/individual.htm
https://www.osc.state.ny.us/ouf/businessorganizations.htm
https://www.osc.state.ny.us/ouf/deceasedestates.htm
https://www.osc.state.ny.us/ouf/on_behalf.htm

Facebook Comments