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    • Home
    • Unclaimed Property
    • Submit a Report
    • News
    • Our Metrics
    • Fraud Victim Assistance
    • Fraud Incident Reports
    • Protection Standards
    • Corporate Division
    • Contact Us
CFPB 
  • Home
  • Unclaimed Property
  • Submit a Report
  • News
  • Our Metrics
  • Fraud Victim Assistance
  • Fraud Incident Reports
  • Protection Standards
  • Corporate Division
  • Contact Us

What Is Unclaimed Property?

 Unclaimed property is a legal term referring to money, financial assets, tangible property, or other valuables that have been abandoned, forgotten, or remain unclaimed by their rightful owner for a specified period of time. Under U.S. law, businesses and financial institutions are generally prohibited from retaining property that belongs to another person indefinitely .

 



Unclaimed property may include, but is not limited to:

Unclaimed property may include, but is not limited to:


  • Dormant checking or savings accounts 
  • Uncashed payroll or refund checks 
  • Uncashed insurance payments 
  • Utility deposits 
  • Stocks, bonds, and dividends 
  • Mutual fund accounts 
  • Retirement distributions 
  • Safe deposit box contents 
  • Escrow balances 
  • Trust distributions 
  • Court deposits 
  • Tax refunds (in some circumstances) 
  • Proceeds from the sale of abandoned securities 
  • Gift cards (where covered by state law) 

Some states also hold the contents of abandoned safe deposit boxes, which may include:

  • Jewelry 
  • Coins 
  • Precious metals 
  • Collectible items 
  • Important documents 
  • Family heirlooms

 

Can Unclaimed Property Include Prize Money or Awards?


If an individual was legally entitled to receive money or property from a contest, promotion, settlement, rebate, class action, or similar program, but the funds were never successfully delivered or cashed, the holder may eventually transfer those funds to the state's unclaimed property program after the applicable dormancy period.

Examples may include:

  • Sweepstakes winnings 
  • Contest prizes converted to cash 
  • Settlement payments 
  • Class action distributions 
  • Corporate rebates 
  • Vendor refunds 

Whether a particular prize qualifies depends on the governing contract, state law, and whether the holder ultimately reported the property to the state.

Do you believe you have unclaimed property?

 Our team will conduct a comprehensive search of official unclaimed property databases to determine whether assets or funds may be held in your name. 

Get Started

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