The Illinois State Treasurer's Office maintains an official searchable database of unclaimed money. As of December 2021, the Illinois State Treasurer's Office reports over 3.5 billion dollars worth of unclaimed property and unclaimed money, waiting for the rightful owners to submit a claim. These holders will assume temporary, non-owner custody of the unclaimed funds in perpetuity until a person submits a valid claim. State laws compel these financial institutions to turn over custody of the financial assets to the treasurer or an authorized private holder. If there is no response, the financial institution will attempt to contact the individual's relatives. When this happens, the financial institution with original custody of the money will reach out to the owner via the list means of communication, typically email, mail, or phone call. It is not unusual for Illinois residents to forget about these financial assets or intentionally ignore them for a long time. Illinois enacted the Uniform Unclaimed Property Act directing financial institutions to transfer the custody of unclaimed money to the State Treasurer's Office after a dormancy period. Unclaimed money can include account balances, stocks, bonds, insurance policies, dividends, refunds, and public benefits. Clear the mess in your paperwork once and for all with the help of online forms.Unclaimed money refers to assets that have remained untouched for a specific period of time and are repossessed by the government or authorized private holders. Find the - Icash Illinois you need in minutes and fill it out in in the same tab.
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