State Launches New Online Tool for Unclaimed Property
The California Controller’s Office is making it easier to claim your missing money through a new online tool. Currently, the state has more than $6.9 billion in unclaimed property belonging to approximately 24.9 million individuals. The online tool (www.calimit.ca.gov) launched in January 2014 is for claims where the property is worth less than $500 and there is only one listed owner. The process is simple and users could get a check for their unclaimed property within 14 days. For items such as unclaimed money orders, cashier’s checks, royalties, and the contents of safe-deposit boxes, the old paper process is still required. Check out the site today and see if you or a relative has any unclaimed property!
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