FAQ Unclaimed Property: How Does Unclaimed Property Become “Unclaimed?”
HOW DOES PROPERTY BECOME UNCLAIMED?
Property becomes unclaimed or abandoned when there has been no owner activity in relation to the account for a period of 5 years and when the owner has not been able to be contacted by the holder of that asset. A holder may include a bank, savings institution, credit union, insurance company, business or utility company.
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