Unclaimed Property

California’s Unclaimed Property Law requires banks, insurance companies, corporations, and certain other entities to report and submit their customers’ property to the State Controller’s Office when there has been no activity for a period of time (generally three years). Common types of unclaimed property are bank accounts, stocks, bonds, uncashed checks, insurance benefits, wages, and safe deposit box contents. Property does not include Real Estate. Controller Betty Yee safeguards this lost or forgotten property as long as it takes to reunite it with the rightful owners; there is no deadline for claiming it once it is transferred over to the State Controller’s Office. It is easy to find out if the Controller is protecting property in your name.

Claiming Your Property

Did you receive a letter that looks like this? The Controller’s team mails these annual notices in an effort to connect owners with their property before it is sent to the state government for safekeeping. 

If you did not contact the business by the deadline listed, the property will simply be transferred to the State Controller’s Office and then you can claim it here. There is no time limit for claiming your property from the state.

To electronically claim property, an owner must complete a secure form online (including name, social security number, birthdate, and address). Some more complicated claims may require additional proof of ownership.

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