The Unclaimed Property Division is responsible for safeguarding assets turned over to the Office of the Treasurer in accordance with state law, until the rightful owners are located. The primary objective of the unclaimed property program is to reunite rightful owners or heirs with their unclaimed property, which is remitted to the Office of the Treasurer by business entities after the business loses contact with a customer for a period of three to five years.
Unclaimed assets include, but are not limited to: savings or checking accounts, uncashed checks, matured certificates of deposit, stocks, bonds or mutual funds, travelers’ checks or money orders, and proceeds from life insurance policies.
A permanent record of reports of unclaimed property filed annually by holders of such property is maintained by the Division. Unclaimed property holders include banks, credit unions, insurance companies, brokerage firms, utility companies, and businesses. The Division prescribes holder report forms and monitors reporting by holders. Such assets must be reported and remitted within 90 days following the close of each calendar year.
These assets are held in the custody of the Treasurer until claimants come forward or are located. Efforts to locate the owners of abandoned property include a website
phone number to call (1-800-833-7318, Monday through Friday
between 8 AM and 5 PM Eastern Time) and the biennial publication listing abandoned property reported and transferred to the Treasurer.