Los Angeles County Tops the List for Unclaimed Property in the United StatesA newly released study reveals that the state of California isholding nearly $4 billion in...Smith, Kevin
The year 2024 has seen a number of legislative developments impacting state gift card compliance issues, including in the unclaimed property and consumer spaces. In particular, states have been actively adopting and changing rules around the escheatment of unused gift card balances, as well as requ...
然后刚好又收到一封奇怪的信,来自于一个专门协助人找回unclaimed property的公司,名字就不说了。内容是说我学校的那笔工资在California State Controller’s Office可以领取。这类公司通过一些信息寻找你可能的现住址,然后联系你希望你购买他们的服务。我这家的收费是$41.95,标明...
California has announced the requirements for the state’s recently-enacted unclaimed property Voluntary Compliance Program. The program could be beneficial for eligible holders that are not currently in full compliance with their California unclaimed property obligation, especially those alrea...
A civil or criminal prosecution involving compliance with California Unclaimed Property Law. Additionally, holders will be ineligible if the controller: Notified the holder of interest due within the previous five years and the interest remains unpaid at the time of the holder’s request to enroll....
40, and even 50 years after it was turned over to the state. Some states have unclaimed property dating to the late 1800s. (A few states have started setting time limits, but in most cases a tracer that talks about statute of limitations is trying to create a false sense of urgency.)...
>>> About Unclaimed Paycheck Laws In CaliforniaAmazingly, departing employees don't always collect all wages owed to them. Unfortunately, as a payroll professional, that becomes your problem. Technically, unclaimed paychecks are subject to 'escheat' laws as unclaimed property under the laws of the...
In adecisiondated April 27, 2021, the California Superior Court for San Francisco County held that a Plaintiff had sufficiently alleged that the SCO had no authority to use third parties to conduct unclaimed property audits. Specifically, the court found merit to allegations that the state had ...
Unclaimed property compliance is often overlooked by small businesses, with many mistakenly thinking it only applies to large corporations. But this misconception can lead to serious financial and legal trouble. All businesses, no matter their size, must follow the same state regulations when it comes...
At long last, California is on the verge of creating its own voluntary compliance program for unclaimed property holders. Our Unclaimed Property Team investigates how the state plans on implementing the system and cautions against joining too early. ...