The State of California wants to return over $6.4 billion in unclaimed property to the 21.5 million people that it belongs to. This website was set up to return the unclaimed property that was repossessed as a means of storing unclaimed properties. The state of California operates on its Unclaimed Property law that states that all companies, corporations, business associations, financial institutions, and insurance companies, must report and deliver all items and property to the Controller’s Office after there has been no contact made within the last three years with the indiviual(s) who own the property. Many cases are caused by the owner of the property moving to a new location and forgetting to forward the property to their new address or just forgetting that their account with the company they acquired the property from exists. The most common types of unclaimed property are bank accounts or the contents of a safety deposit box; stocks, bonds, and/or dividends; uncashed money orders or cashier’s checks; deposit certificates; estates and properties; insurance policies; and various forms of payment including trust funds and escrow accounts. Below is a guide on how search through the California Unclaimed Property Database.
Requirements needed to search California Unclaimed Property Database:
- You will need a computer with Internet access
- You will need a property that rightfully owned by you
How to search California Unclaimed Property Database:
- Visit the Unclaimed Property Database of California at: www.claimit.ca.gov
- Scan the page for the “search our unclaimed property database” link and click it.
- Click the type of search you are interested in conducting whether that be an Individual Owner Search, a Business/Government Search, or a Property ID Search.
- Enter your last name, business name, or property ID into the appropriate section and then click the “search” button.
- View the matches to your search and select the property that belongs to you.
- Select the ID number for the property.
- Write down the property ID number.
- Fill out a Claim Affirmation form by clicking the “Claim This Property” link.
- Print and sign the Claim Affirmation form.
- Read the directions and send the Claim form to the Unclaimed Property Division.