Washington Examiner

Check if you’re eligible for $1.2 billion in unclaimed funds in Oklahoma with this stimulus update.

Over 800,000 Oklahomans Could Be Owed a Share of $1.2 Billion in Unclaimed Funds

Did you know that there is a staggering $1.2 billion in unclaimed funds waiting to be claimed by more than 800,000 Oklahomans? That’s right, according to the Oklahoman, there are over 825,000 individuals in Oklahoma who may have unclaimed property just waiting to be returned to them.

The Oklahoma State Treasurers’ unclaimed funds division is responsible for managing these funds and their mission is to reunite the property with its rightful owners. You might be surprised to learn that unclaimed property can include a wide range of items such as jewelry, stock certificates, coin collections, and even cold hard cash.

What Makes Property Considered Unclaimed?

“Property is considered unclaimed when there is a lack of activity generated by the rightful owner of the property,” explains the agency’s website. This lack of activity can include things like failing to cash a check, having a check or correspondence returned as undeliverable, or simply not communicating with the owner. Once a certain number of years pass without any activity, the property is deemed abandoned and must be reported to the state’s unclaimed property program.

Unclaimed assets can encompass a wide range of items, including amounts owed to suppliers/vendors, overpayments/refunds/rebates, credit memos, items held in safekeeping, loan collateral, deposits held by depository institutions, stocks, bonds, and mutual funds, garnishments or court deposits, payroll/wage obligations, security deposits, escrow funds, unidentified receipts, amounts held by a fiduciary or trustee, dividends, interest, royalties, matured insurance policy proceeds, amounts due under insurance contracts, and amounts distributable at liquidation/dissolution.

If you’re curious to see if you have any unclaimed property, you can visit missingmoney.com, a national unclaimed property database. Simply enter your name and city to find out if you are eligible to receive any unclaimed property.

To be eligible, you must have a “proprietary interest” in the unclaimed property, or if the property belongs to someone who has passed away, you can request the funds on behalf of their estate. You can even help a family member or friend by requesting the funds on their behalf.



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