Huntington Beach, CA (PressExposure) April 30, 2007 -- Oklahoma State Treasury Department is holding $175 MILLION in lost money that is owed to 350,000 residents. Based on current Oklahoma population estimates that means 1 out of every 8 adults are owed unclaimed money.
In Oklahoma property is considered unclaimed when there is a lack of activity generated by the rightful owner of the property. The OK State Treasury website defines this further by stating, âEvidence of this inactivity includes failure to cash a check, the return of a check or correspondence by the Post Office as undeliverable, or the absence of any communication from the owner.â
If property remains unclaimed for a certain number of years set by statute, it is considered abandoned and must be reported to the state's unclaimed property program.
The largest single unclaimed money account owed to an Oklahoma resident is $573,000
The OK unclaimed funds then site waiting to be found by the rightful owner. Many Oklahoma citizens are unaware that unclaimed money exists nor are most aware how likely it is they are owed money.
Based on current Oklahoma population estimates approximately one out of every 7 people in Oklahoma is owed unclaimed money!
In 2006 $12.5 MILLION was returned to rightful owners. While returning this money is progress it was only a fraction of the total unclaimed money. $40 MILLION in new unclaimed money turned over to the state in 2006 alone.
Unclaimed Property in Oklahoma is listed on reports published twice each year in newspapers and is now available via the Internet. Oklahoma residents and others nationwide can search for Unclaimed Property now and after they claim money owed to them should received a check in the mail within 1 to 8 weeks!
Bill McIntosh, Founder of http://www.cashunclaimed.com, stated, âOklahoma residents need to be notified that there is a high likelihood they are owed money. This money is not the State of Oklahomaâs and residents showed search for and claim there money.â
Cashunclaimed.com is the largest unclaimed money database, including all state and federal databases. CashUnclaimed.com was founded to assist owners in easily locating and claiming their lost funds. The site offers more information on unclaimed money and free unclaimed money search at http://www.cashunclaimed.com.