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March 28, 2024 3:00 pm
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NV Treasurer seeks for owners of more than $650 million in abandoned property

Moapa Valley Progress

Do you ever wonder what happened to the money from that gift card that you lost? Or maybe you are missing an old uncashed payroll check. Or, perhaps you’ve left something behind in a safe deposit box.
These are a few categories of items that appeared on the annual list of unclaimed property released last week by the Nevada State Treasurer’s office.

The list was published in 16 different legal newspapers throughout the state last week. It included hundreds of thousands of properties with the last known names and addresses of people whose abandoned property was reported to the Unclaimed Property Division between July 2014 and May 2015. It adds up to millions of dollars in abandoned property.

Of course, that list only includes the newest entries; those added over the past year. There are thousands of entries on the books that have been listed in years past and are still unclaimed. In all, the Unclaimed Property Division is currently safeguarding more than $650 million and continues performing its due diligence in an effort to return money to its rightful owners.

The list’s information comes from businesses after due diligence, or attempting to the reach the proprietors. Businesses turn in a list that includes the last name and last known address of the owner, which is later uploaded to the state treasurer’s system.

Abandoned property can be any financial asset owed to a business or an individual. Property is considered abandoned when there has been no activity and/or contact with the owner for a specific period of time. The property type will determine the abandonment period; however, it is generally three years. When a business’s attempts to locate the rightful owner have been unsuccessful, the assets must be turned over to the state of the last known address. The State Treasurer’s Office is responsible for protecting the assets and advertising the rightful owners’ names in attempting to return the assets to the rightful owners.

Examples of abandoned/unclaimed property include: bank accounts; uncashed payroll checks, insurance checks, traveler’s checks; utility deposits; gift certificates; stocks, bonds, mutual funds, dividends; insurance policy benefits, or claim payments; safe deposit box contents; oil and gas royalties; and court deposits. Abandoned/unclaimed property does not include real estate or land, automobiles, boats, taxes, or most other tangible properties.

To search for unclaimed property, visit nevadatreasurer.gov and click on the yellow box labeled: “Search for Unclaimed Property.” Unclaimed properties can be identified by searching by name or by business.

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