| Q: What are unclaimed Funds? |
| A: Unclaimed Funds are derived from intangible
personal property that the state holds for the rightful owner after it
has been unclaimed over a period of time. The following are just a
few sources of unclaimed funds: State of Ohio
unclaimed funds
- Inactive Savings and Checking Accounts
- Un-cashed checks
- Undeliverable Stock Shares and Un-cashed Dividend
Checks
- Un-cashed Insurance Benefits
- Forgotten rent and utility Deposits
- Intangible Safe Deposit Box Contents
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| Q: How does property become Unclaimed Funds? |
| A: Ohio Revised Code Section I69 states that property
becomes unclaimed when, over a period of years, the owner cannot be
located by the holder of the Funds. The time frame varies
depending on the property, but in most cases it's five years. The
funds are then turned over to the State for safekeeping. |
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| Q: How does the Division of Unclaimed Funds locate
the owners? |
| A: The Division of Unclaimed Funds annually publishes
the names of unclaimed fund users in the newspapers in all of Ohio's 88
counties. The Division actively seeks to find unclaimed fund
owners by giving individuals an opportunity to check their names at the
state and county fairs, shopping malls and other events. In
addition, a list of the Fulton County unclaimed funds owners is
displayed in the Fulton County Treasurer's office. If your
name appears on the list, you can submit a claim on the
Ohio Department of Commerce
website. Or you can reach them by mail at this address:
State of Ohio
Department of
Commerce
Division of
Unclaimed Funds
77 South High
street
Columbus, Ohio
43264-0545 |
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| Q: Is there a time limit for claiming funds? |
| A: No, the funds are held until the rightful owners
claim them. |
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