I say about 100,000 people because they haven’t updated the amount on their site.
In 2009, there were 85,000 names on the list, so I’m going basing it on that.
The State receives various forms of financial property including, but not limited to:
- unclaimed dividends
- payments for goods and services
- stock, debentures, bonds, etc.
Delaware’s Unclaimed Money Law requires corporations, businesses, associations, financial institutions, courts, and insurance companies (referred to as “Holders”) to annually report and deliver property to the Department of Finance after there has been no activity on the account or contact with the owner for a period of time specified in the law-generally three (3) to five (5) years.
Often, contact is lost when the owner forgets that the account exists, or moves and does not leave a forwarding address, or the forwarding order expires. In some cases, the owner dies and the heirs have no knowledge of the property.
The State acts only as custodian for the missing owners, holding the property in trust until it is claimed. There is no statute of limitations regarding refund requests. You may submit a request form at any time.
Once your request has been received by the Bureau of Unclaimed Property, it takes about 3-5 weeks to receive a claim form in the mail if property is found. If additional information is needed, some owners may receive a request for additional information in lieu of a claim form. If property is not found in your name, you will receive a letter informing you that a claim cannot be initiated.
The length of time it takes to approve a refund varies by situation and depends heavily on the completeness and accuracy of documentation provided by property claimants. claim form.
Did you know you can make money finding unclaimed money for other people?
There is a little known business that lets you do that. Unclaimed money finders locate people that don’t know they money being held for them and help them to recover it.
In return, they charge a commission after the money is recovered.
Please click here if you would like to learn more about this business.