Interest-bearing and other Income-earning Propertyĭid you claim property between Maand July 31, 2019?Ĭertain unclaimed property claimed between Maand Jmay entitle the claimant to the value of that interest-bearing or income-earning property that was earned or may have been earned while in possession of the State, and may entitle the claimant to an additional payment. The property is then sent to Commerce so the Department can safeguard and continuously attempt to return it to the rightful owner of heirs. If the owner doesn't respond, the property is considered abandoned. Common types of unclaimed property can include:īusinesses and organizations are required by law to review their records and attempt to contact the owner of the property when it appears to be abandoned. Property is considered unclaimed if it is being held by a business or organization that has not had contact with the owner for a specific number of years. The Department is responsible for safeguarding the funds or property until claimed by the rightful owners or heirs. Unclaimed Property Delivered to the StateĮach year, Commerce receives millions of dollars in unclaimed property from businesses and organizations that have lost contact with the owners. Department of Labor Wage and Hour Division from employers who violated federal labor laws.
Find out by searching Workers Owed Wages, money collected by the U.S. You could have money ready for you to claim. Do you have a former employer who owes you payments?
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