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...
and offer to help them locate their unclaimed property for a fee. The fees range from 10% of the value of the property to as much as 60%. All you get for the fee is the name and address of the state unclaimed property office that has your property. ...
Did you know that items you lose/leave behind may be turned in to the State Treasury? In fact, a lot of lost property is required to be turned in. And the Treasury office might keep it for quite a while, waiting for you to claim it. On the other hand, the states do auction ...
(1) The purpose of this Act is to facilitate the return of unclaimed property to its rightful owner. (2) Under the circumstances described in this Act, the state may take custody of unclaimed property from the holder on behalf of the owner. (3) The state's right to take custody of pr...
Unclaimed property due dates are spread across the calendar year and differ by state and holder/company type. Complicating matters even further, each state’s own unclaimed property rules and regulations are updated frequently. We’ve gathered state-specific information on unclaimed property due dates...
Find unclaimed property auctions on eBay. Some states, including Texas, California, Kansas, Colorado, Maryland and Wisconsin, place their unclaimed property received from banks' safe deposits on eBay auctions. The states will generally set up their own eBay accounts for these auctions, with pictures...
According to public records, the District of Columbia, the Commonwealth of Virginia and the states of Florida and Maryland appear to be holding monies due to the American Gas Association (AGA). These unclaimed funds are from a state governmental entity to a business services company and from...
A: Unclaimed paychecks are subject to escheat laws as unclaimed property. As such, the laws of the state where the employee last worked apply. As such, employers should return any uncashed paychecks to the state where the person last worked.Disclaimer:This information is based on a variety ...
The top three states for unclaimed funds are Maine, Arizona and Maryland – but every state promises to hold up its end of the bargain. The money is never gone for good unless you decide it isn’t worth pursuing. But let’s just say youwouldn’tthrow away $100… ...
The money is kept in state treasuries and may stay there for decades until the rightful owner claims it. According to the National Association of Unclaimed Property Administrators (NAUPA), states return more than three billion dollars of unclaimed money every year!