Asked by: Agricio Carraro
asked in category: General Last Updated: 3rd March, 2020

What is GA unclaimed property?

Unclaimed property refers to accounts held by financial institutions and other businesses who have lost contact with their owner of record.

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Also, how Long Does Georgia hold unclaimed property?

Georgia Record Retention Requirements Georgia unclaimed property statutes require holders of unclaimed property to maintain records for a period of ten (10) years after the property becomes reportable. In addition, records relating to updated owner addresses shall be retained for a period of ten (10) years.

Also, how do you know if unclaimed property is yours? Most states have a website that tells you how to find out if you have unclaimed money or property in that state. The best place to start may be to search the government website, the by state National Association of Unclaimed Property Administrators (NAUPA), or the multi-state database.

Similarly one may ask, what does unclaimed property mean?

By definition, unclaimed property is any financial asset, usually intangible, being held for a person or entity that cannot be found. It is not real estate, abandoned personal property, or lost and found items. Unclaimed Property can include: Dormant Savings and Checking Accounts and Certificates of Deposit.

Does Georgia owe money?

Georgia. The State of Georgia is holding $1 billion in unclaimed money! The Disposition of Unclaimed Property Act, adopted by Georgia's legislature in 1973, protects the rights of owners of unclaimed accounts and relieves banks and companies of the continuing responsibility to maintain such accounts.

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