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Ive lived at the same address for 20 years. Why didn the holder (entity “holding” the unclaimed funds) contact me directly?

April 26, 2017address entity funds holding lived unclaimed

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Ive lived at the same address for 20 years. Why didn the holder (entity “holding” the unclaimed funds) contact me directly?

1 Answer

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The holder or entity holding unclaimed property is required by law to contact owners within 120 days before turning the funds over to the state (due diligence). One of the five (5) reasons cited above may be why the owner is not notified prior to the funds being turned over to the state.