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New Mexico Unclaimed Property

New Mexico Unclaimed Property is an item with some financial value that is lost or forgotten by the original owner and is kept with the State of New Mexico . There could be a number of reasons for the existence of unclaimed properties in New Mexico. Relocation, death, marriage, divorce and change in name are some of the possible reasons that contribute in the phenomenon of unclaimed property in New Mexico.

New Mexico Unclaimed Property Division

The Statute governing New Mexico Unclaimed Property makes it mandatory for the holders to report on a regular basis to the state about the unclaimed money they might be holding. Such NM Unclaimed Money or Property is turned over to a specific state agency named New Mexico Unclaimed Property Division. It is now the responsibility of the Division to find the owners of such abandoned property or let the possible owners find their properties.

New Mexico Unclaimed Properties

In general, New Mexico Abandoned Property includes dormant checking account, dormant savings accounts, cashiers checks, safe deposit box contents, unclaimed security deposits, mineral royalty payments, cash dividends, utility deposits, uncashed money orders, insurance benefits and so on. The database of unclaimed property in New Mexico may contain records that are associated with you or someone you know. The NM Unclaimed Property Division makes available this database through its website and helps people find their lost personal property.

If you are lucky enough to find one, you can follow the instructions provided there to file a claim for the abandoned property. The unclaimed properties rightfully belong to their original owners or legal heirs and hence are always available for them. In fact, there is no time limit for owners to file claims for their properties. Moreover, the services provided by the Unclaimed Property Division in searching the database and filing a claim are absolutely free and you are not required to pay anything during the entire procedure.

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