Claim It CA
- California Residents can log on to ClaimIt CA to see if they have any unclaimed property like old insurance checks, utility deposits, or other missing money
- Residents can only claim unclaimed funds in California if there is only one owner listed for the property and the property value is less than $5,000
- The unclaimed property law in California is designed to stop companies from using unclaimed customer’s money for business income
Right now, the State of California has over $8 billion in unclaimed property that belongs to around 32 million people and organizations. Residents can search through California unclaimed money to see if they have anything missing, and file a claim easily online if they find their name. The Unclaimed Property Page for the state of California is run by the California Controller’s Office. The most common unclaimed funds are bank accounts, royalty payments, trust funds, escrow accounts, safe deposit boxes, mutual funds, stocks, bonds, certificates of deposit, insurance policies (that have either matured or been terminated), estates, and mineral interests.
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Claim It CA Comments
- Only open to residents living in the state of California
- There is no time limit on when California unclaimed property can be claimed, and no expiration date on the funds that are available using the Claim It CA service
- Residents can also use California’s unclaimed property site to check the status of a claim they’ve filed
Where does unclaimed property come from in California?
- In some cases of unclaimed property in California, the owner dies and heirs have no knowledge about the property
To contact the California Controller’s Office about unclaimed property:
- P.O. Box 942850, Sacramento, California 94250-5872,
- (916) 323-8314
California has an Unclaimed Property Law which requires businesses, financial institutions, and insurance companies to compile annually reports about funds they have that haven’t had any contact for three years. In most cases, the owner simply forgot about the account or moved without leaving a forwarding address.