You know that feeling when you stumble on a forgotten $20 dollar bill stuffed into an old winter jacket? Well, California’s State Controller’s Office is safeguarding more than $10.2 billion that’s just waiting to be retrieved by its rightful owners.
California state law requires that banks, insurance companies, corporations and other types of businesses submit any customer property that has gone untouched for a certain period of time – usually around three years. That includes things like bank accounts, stocks, bonds, insurance benefits and uncashed checks.
Last year, California’s Unclaimed Property Division reunited people with more than $258 million in unclaimed property.
“We watch over all sorts of properties you might not know exist, from a rebate that was returned to sender after a move, to bonds your grandmother bought in your name. It is so worthwhile to take a few minutes to search and discover whether you have funds
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