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Pennsylvania State Unclaimed Property

Pennsylvania Unclaimed Property is held by the Treasury Department, which collects it from different government agencies, financial institutions and other entities. The major sources of PA unclaimed property are forgotten stocks, uncashed checks, abandoned bank accounts, life insurance policies, certificates of deposit and safe deposit boxes. Today, the department holds about $1 billion in unclaimed property, funds, money and other assets.

Pennsylvania Unclaimed Property Law

According to the PA Unclaimed Property Law, the holders of unclaimed property in PA must report to the state about the property with no financial activity for five years. Such properties are declared abandoned or unclaimed and are turned over to the Treasury Department. The law in the state of Pennsylvania requires annual Unclaimed Property Reporting by a business operating here. A database of unclaimed property is then maintained, which is updated quite frequently.

PA Unclaimed Property Database

It is easy to search PA State Unclaimed Property Database. To do this, first you have to visit the web page containing Treasury's online unclaimed property database. Write you last name in the box labeled "Last Name" and press the tab key. There is another box with a label "First Name", in which you are to write your first name. Now, click the "Search" button in order to conduct Pennsylvania Unclaimed Property Search. This database can also be used to check your claim status.

Pennsylvania Treasury Department

You will be assisted by the helpful staff of PA Treasury Department in every step of the claim process. Some third party support does exist that can conduct a search for your lost money or funds on your behalf, but you will have to pay for availing this service. On the other hand, the services offered by the Treasury Department regarding Pennsylvania Unclaimed Property, Money, Funds, Cash and other Assets are absolutely free of charge.

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