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Seasonal Employees and Businesses among Californians with Unclaimed Property to Claim

Seasonal Employees and Businesses among Californians with Unclaimed Property to Claim

SACRAMENTO — State Controller Betty T. Yee today issued an alert that her team is safeguarding millions of unclaimed properties valued at $9.3 billion. Even owners of seasonal small businesses like pumpkin patches and Halloween costume shops have unclaimed property, often in the form of forgotten rebates or refunds. Employees of these businesses also may have […]

Hit Claimit.ca.gov for Some Extra Cash Before Heading Out On Your Summer Vacation

Hit Claimit.ca.gov for Some Extra Cash  Before Heading Out On Your Summer Vacation

SACRAMENTO — Before travelers set their “out of office” messages for summer vacation, State Controller Betty T. Yee is reminding them to search her unclaimed property database for lost and forgotten funds. Forty-eight million properties worth a total of $9.3 billion could help fund those camping trips or chips and guacamole after claiming at claimit.ca.gov. […]

The Weather Outside is Frightful, But Claiming Your Property is So Delightful

The Weather Outside is Frightful, But Claiming Your Property is So Delightful

SACRAMENTO — State Controller Betty T. Yee today shared some good tidings – the State of California is safeguarding more than 48 million properties worth a total of $9.3 billion ready to be found and claimed through her online database. “In November, more than 24,000 people received their properties worth over $23 million,” said Controller Yee. […]

$100 Million in Unclaimed Property Claimed Faster through Online Option – California

$100 Million in Unclaimed Property Claimed Faster through Online Option – California

  California State Controller Betty T. Yee . SACRAMENTO—State Controller Betty T. Yee today marked a milestone, announcing that $100 million in unclaimed property has been reunited with its rightful owners through her website’s expedited claiming process since the feature was launched in 2014.    “On average, one in three visitors to our online database find […]

California Holds $8 billion in Unclaimed Property

California Holds $8 billion in Unclaimed Property

By Jennifer Felten According to the California State Controller website, the State of California is currently in possession of more than $8 billion in Unclaimed Property belonging to approximately 32.5 million individuals and organizations.  California has an Unclaimed Property Law where it takes possession of unclaimed property.  This law requires unclaimed property “holders” (such as […]

Controller Yee Expands Unclaimed Property Database

Controller Yee Expands Unclaimed Property Database

State Controller Betty T. Yee today announced her team has added tens of thousands of properties to her online database as a result of a new law. The expansion allows the State Controller’s Office (SCO) to identify and locate more owners of U.S. savings bonds and military awards held in safe deposit boxes. The Controller […]

California State Controller Yee Warns of Unclaimed Property Scams

California State Controller Yee Warns of Unclaimed Property Scams

Reminds Californians to Search for their Lost or Forgotten Funds State Controller Betty T. Yee today cautioned Californians to be aware of common consumer scams related to the unclaimed property program that she administers.  The Controller’s Office has received recent complaints from the public about suspicious postcards, mail, and emails related to unclaimed property. Mailed […]

Changes to Unclaimed Property Law

Changes to Unclaimed Property Law

 By Jennifer Felten Last year, the California State Assembly passed Bill 212, codified as Code of Civil Procedure sections 1530 and 1513.5, which modified the state’s unclaimed property reporting requirements. The law went into effect on January 1, 2014, but the new reporting requirements become mandatory on July 1. Under the new rules, the threshold […]