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Oklahoma State Unclaimed Property

Oklahoma Unclaimed Property consists of assets, funds and money that have not been given to the original owners or their heirs on account of some reasons. Such property remains with the holders for a long time where it waits for the owners to come and take it away. However, if the owner does not turn up or the holder is unable to locate the owner for a specified period of time, the property is declared abandoned or unclaimed. The law of the state of Oklahoma requires OK Unclaimed Property to be turned over to the state.

Oklahoma Unclaimed Property Funds

Unclaimed Funds in Oklahoma includes stocks, mutual funds, bonds, credit memos, wage obligations, overpayments, security deposits, insurance policy proceeds, escrow funds, dividends, interest, loan collateral, amounts due under insurance contracts, etc. According to the Unclaimed Property Law, a business must review its records of accounts and report annually about the funds and money that have become unclaimed. Afterwards, unclaimed money is turned over to the state, which makes sincere attempts to find owners and return it to them.

OK Unclaimed Property Reporting

The State Treasurer's Office in Oklahoma is the agency responsible for unclaimed property reporting. The assets are kept safe forever and are made available whenever a claimant makes a claim. The Office also provides services to help people find their lost money and for this purpose, a database of reported properties is maintained.

Unclaimed Property Search

You can have access to this database through its official site, where you are provided with guided instructions to carry out Oklahoma Unclaimed Property Search. You do not have to pay anything to avail this service. You can also hire services of a third party, usually called Finders, to help you find your lost property. In this case, you have to come into an agreement with the finder and also have to pay according to the contract. But, the fee of finders cannot exceed 25% of the money being claimed as per the law of the state of Oklahoma. To be safe, it is always better to conduct a search all by yourself using the resources provided by the OK Unclaimed Property Division.

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