(Part 2 of 2) Each of the different types of unclaimed cash sources listed above has its own individual dormancy period. (...)" />

January 25, 2012

Locating NV Unclaimed Cash – Part 2 of 2

(Part 2 of 2)

Each of the different types of unclaimed cash sources listed above has its own individual dormancy period. This is the amount of time that have to go by before the abandoned money is considered "unclaimed" and passed along to the state treasury. Depending on the type of fund, the dormancy period can be anywhere from 1 to 15 years. The reason this is important to know is because traditional online searches will not show a record unless the dormancy period has passed, and the state treasurer has taken hold of your cash.

Aside from the fact that the dormancy period has to pass before there will be any type of online record of your cash, there's also the issue of how often Nevada updates their unclaimed money databases. Records aren't updated daily, so you cannot be confident in your search if you look and do not track anything down one day, and it just happens that the state doesn't add a record of your assets until the next day, week, month, or even year. For this reason, the first rule of searching for missing money is to search frequently.

On top of the other issues mentioned, not all property owed to NV citizens is in the state of Nevada. Many people have resided in different states before moving to Nevada, while others may have dealt with out of state corporations, even if they weren't aware of it. For example, many large companies have locations in multiple different states, but their headquarters are in just one particular state. The same goes for insurance carriers. So even if a particular company has locations in 20 states, including Nevada, if the company they use for employee insurance benefits is headquartered in some other state, Nevada would never have a record of that cash.

Beyond the issues raised above, there are countless other problems that people often run in to when looking for unclaimed money in Nevada, which makes it all the more imperative that you get expert assistance in locating your money.

Latest
“We have put lots of

Passengers left $410G in change at airport security checkpoints in 2010
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Spare change left at airport checkpoints
Unclaimed money, typically consisting of loose coins passengers take out of their pockets, is turned into the TSA financial office.

Most State Governments Launch Intense Awareness Campaigns to Inform of
The easiest way to find

State gives owners of unclaimed property a chance to retrieve it
Hundreds of folks with unclaimed money – old bank accounts, overlooked stock shares, forgotten refunds – are getting a chance to retrieve it without going through state government.

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