Bridge the Gap
We understand the importance of fostering greater education and awareness of compliance so that more unclaimed property is returned to rightful owners.
For additional information, enclosed below is a general unclaimed property overview, including links to specific state unclaimed property programs, landmark cases and other industry resources.
What is Unclaimed Property?
Unclaimed Property
Money and other assets are considered lost or unclaimed when the property owner cannot be located after a specified period of time.
Holders
Holders that are in possession of property that is unclaimed, report and remit the assets to government unclaimed property programs on an annual basis.
Government Programs
Government unclaimed property programs act in a custodial manner for the safekeeping of unclaimed property until the owner is located, and the property is returned.
Rightful Owners
Rightful owners of unclaimed property can claim their money and other assets directly from government unclaimed property programs.
Other Unclaimed Property Resources
The National Association of State Treasurers (NAST) provides support to state finance officials nationwide relating to the administration of financial policies and treasury programs, including unclaimed property policy and program administration.
The National Association of Unclaimed Property Administrators (NAUPA) is an affiliate of NAST, focusing specifically on the collaboration among program administrators to reunite rightful owners with unclaimed property.
