How to Verify an Unclaimed-Property Notice

If you've received a notice about unclaimed property, it's important to verify the record before taking any action. Here's how.

Step 1: Research the Company

Look up the company that contacted you independently. Check their website, contact information, and business registration. A legitimate company will be transparent about who they are and what they do.

Step 2: Search Public Databases

Each state maintains its own unclaimed-property program with a searchable database. You can search these databases yourself to see if there's a record associated with your name, a former name, or a prior address.

Step 3: Review What Information Is Requested

A legitimate recovery company will not ask you to send:

• Bank passwords
• Full Social Security numbers through email
• Online account credentials
• Credit card information through unsecured forms

Step 4: Ask Questions

Contact the company and ask:

• What record did you find?
• Which state or holder is holding the property?
• What documentation would be needed?
• What is the fee structure?
• Is there an upfront cost?

Step 5: Understand Your Rights

• You are not obligated to use a recovery service
• You can file a claim directly with the responsible agency
• You can take your time before making a decision
• You should receive a written agreement before signing anything

Step 6: Verify the Process

A reputable company will explain the process clearly, provide a written service agreement, and encourage you to independently verify the record. They will not pressure you or make guarantees about the outcome.