By Tjaden Sinclair, certified financial counselor
The Village Family Service Center
A friend recently told me how excited he was after he collected almost $100 from the North Dakota Unclaimed Property Division (NDUPD). After seeing his fervor from being reunited with his long lost money, I decided to find out if I misplaced any property that was just waiting for me to claim it.
With high expectations and dreams of traveling the world, (financed by my unclaimed property), I went to NDUPDs’ website to search for a long lost treasure. Unfortunately, I did not have a fortune waiting for me. I did, hoever, find some useful information to pass along.
What does the Unclaimed Property Division do?
The division acts as custodian of unclaimed funds from banks, insurance companies, hospitals, utilities, retailers, local governments, and other entities.
What types of unclaimed property do they oversee?
“Property” in this case does not mean land, but consists of uncashed checks, unused bank accounts, and other property such as stocks and bonds that has not been claimed by the owner for a specified period of time (generally two to five years). In some cases, the property was missed in the probate of an estate, or it may have simply been forgotten by the owner.
To find out more, or to see you if you have any unclaimed property just waiting to be discovered, go to the Unclaimed Property Division website in your state.
If you find some unclaimed treasure, please let us know by commenting below. We’d love to hear your story.