Pots of Gold in Pasadena?

Published : Wednesday, March 20, 2019 | 6:08 AM

Saint Patrick’s Day is come and gone, but State Controller Betty Yee says there may still be a pot of gold in store for some 215 Pasadenans for whom California is holding unclaimed monies.

A press release from the controller’s office showed that is the number of Pasadenans with a potential claim to some $127,129 collecting dust in its coffers.

The Controller is asking residents to check whether they own some of the 48 million properties in the state, worth a total of $9.3 billion, which have remained unclaimed.

All you need is a computer or a smartphone to see if any have your name on them.

To protect consumers, unclaimed property law in California requires banks, insurance companies, and other businesses to transfer property to the State Controller after a period of no activity, generally three years. Some common types of unclaimed property include savings or checking accounts, insurance benefits, uncashed checks, wages, stocks, bonds, and safe deposit box contents.

San Francisco led the cities on the claimed properties list with owners receiving 874 properties valued at $1.58 million. Santa Ana residents reclaimed 267 properties valued at $488,485.

The release said property owners who find their property on the State Controller’s website may submit claims at www.claimit.ca.gov or by calling (800) 992-4647.

Anyone can also download the unclaimed property database from the site for free and see if people in their community or organization also have items safeguarded by the state, according to the release.

 

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