Tracking Down Lost Assets: California State Controller's Office Unclaimed Property - TRENDS
But most consumers don't know they can get their property back quickly and inexpensively by simply calling or writing to the right state agency. California alone receives a whopping $275 million in unclaimedassets every year, but pays out only $80 million to owners. Cohen safeguards this lost or forgotten property for as long as it takes to reunite it with the rightful owners.
Context Explanation
image of money coming out of computer screen. The CaliforniaStateController’sOffice (SCO) is the official and trusted authority for unclaimedproperty searches in California. The SCO manages the state’s UnclaimedProperty Program, allowing residents to search for and reclaim lostassets without cost. California'sunclaimedproperty program covers a wide range of forgotten assets.
Insight Material
Under California'sUnclaimedProperty Law, businesses (called holders) must report and remit property after a dormancy period — usually three years of inactivity. The real property seized by California's statecontroller'soffice is held at the Bureau of UnclaimedProperty in Sacramento. This immigration document from 1922 is among the many items. Step-by-Step Process for Searching Online. If you’re ready to find out if you have unclaimed money in California, follow this simple process According to the CaliforniaStateController’sOffice (SCO), there is currently over $13 billion in unclaimedproperty waiting for rightful owners.
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This includes unclaimed checks, refunds, insurance proceeds, and much more. February 2026 will be UnclaimedProperty Month in California, an effort state leaders say could help people reconnect with money and property that belong to them. StateController Malia Cohen, joined by Assemblymember Avelino Valencia, announced the designation following the adoption...