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Louisiana Unclaimed Property

Louisiana Unclaimed Property refers to any funds or intangible personal property that have remained unclaimed by the rightful owners for a certain number of years. The kinds of property that can become unclaimed property in Louisiana include money orders and travelers checks, saving and checking accounts, uncashed payroll, paid up life insurance policies, stock and dividends, certificates of deposit, utility deposit and so on. Today, the Louisiana Treasury Unclaimed Property amounts to several millions of dollars.

Louisiana Unclaimed Property Law

According to the unclaimed property law of the state of Louisiana , a property becomes abandoned property when the holder of property fails to locate its rightful owner within a specified period of years called holding period. The law requires all abandoned property, funds, money to be turned over to the state, which then tries to reunite such property with its owner. It is the Louisiana State Treasurer that executes this responsibility of the state through Louisiana State Unclaimed Property Division.

LA Unclaimed Property Search

The website of the State Treasurer has special section for Louisiana Unclaimed Property Search and other relevant information. The search can be conducted by your name and is offered free of charge. Moreover, if you find your name included in the list of owners, you can print the claim form and mail it to the Unclaimed Property Division. The claim must include the positive proof of ownership.

Unclaimed Property Reporting

It is very essential for rightful owners to make unclaimed property reporting to the State Treasurer if they want their abandoned properties. This can be done either by verifying the Social Security Number (SSN) in the official records, verifying addresses or providing evidence to prove your association with the holder. Furthermore, if you are claiming for property worth more than $250.00, you are required to provide a notarized claim form. Along with your form, you should send documents that can sufficiently prove your identity, address and ownership. For more information regarding LA Unclaimed Property, you can visit the official site of the Louisiana State Treasurer. To know about unclaimed property in other states, visit the site of the National Association of Unclaimed Property Administrators (NAUPA).

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