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How long does California keep unclaimed money?

Unclaimed property is generally defined as any financial asset left inactive by its owner for a period of time, typically three years. California unclaimed property law does not include real estate.

What is the escheatment process in California?

The escheatment process is when property passes into the management of the respective state in the case of California, unclaimed property is the purview of the Controller of the State. When a property is escheated, it is claimed by state governments. It is not owned by the government.

How do I claim unclaimed property in CA?

You must file a claim with the State Controllers Office. Click here to locate your property and start a claim. Call us at (800) 992-4647 with any questions.

What happens to unclaimed money in California?

Unclaimed property turned over to the State, primarily consists of money, securities, or tangible property held by businesses or financial institutions for more than three years without owner contact. California law requires businesses to transfer such property to the state at the close of the dormancy period.

How do I find my money in California?

Where can you search for your unclaimed property? Click here to visit Claimit.ca.gov. The state offers an easy-to-look-up method if you have a property to claim. The state is now also on MissingMoney.com.

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