More Than $660 Million in Abandoned Property Available to Rightful Owners

Information will be published in newspapers across the state during month of June

Carson City – June 5, 2013 – (RealEstateRama) — State Treasurer Kate Marshall announced today that her office’s Unclaimed Property Division, which is currently holding more than $660 million dollars in abandoned property, will soon be advertising in 18 newspapers (publication schedule included at end of release) across the state the last known names and addresses of people whose abandoned property was reported to the Unclaimed Property Division between January 2012 and May 2013, a total of nearly $73.4 million.

“Besides reviewing the newspaper section containing the latest names and addresses, Nevadans can utilize our online search engine to find missing abandoned property that could end up turning into a personal economic stimulus package,” Marshall said. “It’s quick and easy to use. Simply go to https://NevadaTreasurer.gov, click on the yellow ‘Search for Unclaimed Property’ box, type in your name and see what might come up with your name on it! You can also use our website to search for unclaimed property being held in other states.”

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 holder’s attempts to locate the rightful owner have been unsuccessful, the assets must be escheated (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.

For more information about the Unclaimed Property Division, including an extensive Frequently Asked Questions section, go to https://NevadaTreasurer.gov and click on the Unclaimed Property tab.

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2013 PUBLICATION SCHEDULE
Paper Publication Date
Battle Mountain Bugle 6/06/2013
Humboldt Sun 6/06/2013
Lovelock Review 6/06/2013
Elko Daily 6/06/2013
Eureka Sentinel 6/06/2013
Mineral County Independent 6/06/2013
Nevada Appeal 6/06/2013
Record Courier 6/06/2013
Ely Daily Times 6/07/2013
Lahontan Valley 6/07/2013
Tahoe Daily Times 6/07/2013
Dayton Courier 6/12/2013
Fernley Leader 6/12/2013
Mason Valley News 6/12/2013
Pahrump Valley 6/12/2013
Reno Gazette 6/12/2013
Tonopah Times 6/13/2013
LVRJ 6/21/2013

Contact:
Kelli Miller, Deputy Treasurer for Unclaimed Property (702) 486-4140
kamiller (at) nevadatreasurer (dot) gov