In addition many companies holding unclaimed property will attempt to locate owners long before the unclaimed money is required to be turned over to government departments. It typically takes 2 3 months for them to respond to the initial filing and after that it largely depends on what kind of additional information they ask you to provide and how quickly you submit it to treasury.
Please allow us an additional 120 days to one year to complete this research.
How long does it take to get unclaimed property. Some states may process a claim in 2 weeks while others can take several months or more from the date you filed your claim. Gloria and david goldie look through paperwork that took two years to get their unclaimed property from the treasury department. If your claim information does not appear in our system immediately we have not processed it yet.
Michigan unclaimed property official state site. The state treasurer is holding more than 3 5 billion dollars in unclaimed funds for illinoisans. If the claim is for shares of stock or mutual funds it may take up to 90 days.
After filing you may be able to check the status with the state online. Welcome to the illinois state treasurer s unclaimed property page. In most states the money will be held until the owner is found.
Unclaimed property refers to accounts held by financial institutions and other businesses who have lost contact with their owner of record. Wages savings accounts customer refunds accounts payable insurance payments shares of stock escrow funds royalties and contents from safe deposit boxes. For most states the dormancy period is five years.
The state controller s office now offers an online system where you can check the status of an unclaimed property claim you ve already submitted. When property is officially designated by the state as abandoned or unclaimed it undergoes a process known as escheatment where the state. The state holds these lost funds until they are claimed by either the original owner or their heirs.
Unclaimed property includes but is not limited to. This pre escheat property will find it s way into various databases not available to the public. This thread is archived.
Claims are processed within 60 days of receipt. Do i have a time limit to claim my money. Click below to see if there is any unclaimed property owed to you.