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California Unclaimed Property

California Unclaimed Property is held by California State Controller's Office, which is presently in possession of over $5.1 billion in unclaimed property. These unclaimed assets and properties belong to about 8.2 million individuals and enterprises. The State of California Unclaimed Property Law requires holders of abandoned property to report to the Controller's Office on an annual basis. Such holders may include corporations, financial institutions, business associations and insurance companies among others.

The CA Unclaimed property consists of intangible properties, funds, cash, money, etc and may include stocks, bank accounts, mutual funds, bonds, dividends, safe deposit box contents, uncashed cheques, certificates of deposit, insurance policies, estates, escrow accounts and many more. CA Unclaimed Property Law does not include California Real Estate Property. The law further says that if the holder is not able to trace the owners or their heirs of such property within a period of three years, then the property must be transferred to the state for safekeeping.

California Unclaimed Property Office


The California Unclaimed Property Division under the State Controller's Office keeps such kinds of properties until the legal owners or their heirs find them. If you are one of those millions who have lost or forgotten such properties years ago, you may contact the controller's office or make an Unclaimed Property Search on its official website to find out your abandoned property.

You are not charged with any fee if you are making a direct search. However, you may have to pay some fees if you take the help of a third party. While making a claim for unclaimed property in California, you are required to produce evidence in support of your claim. After verification of your claim, the California Unclaimed Property Department will hand over the money or property to you. For further information, you visit the official website of California State Controller's Office.
 
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