Unclaimed Funds

Ohio Revised Code Section~l69 states that property becomes unclaimed when, over a period of years, the owner cannot be located by the holder of the Funds. The time frame varies depending on the property -but in most cases is five years. The funds are then turned over to the State for safekeeping.

The Division of Unclaimed Funds annually published the names of unclaimed fund users in newspapers in all of Ohio’s 88 counties. The Division actively seeks to find unclaimed fund owners by giving individuals an opportunity to check their names at the state and county fairs, shopping malls and other events. In addition, various activities are planned to let people know they may have funds waiting for them. An owner then writes to Unclaimed Funds giving their full name and address. The Division will check the name against the owner list. If they are listed they are sent a claim form. Owners then fill out the claim form and return it to the Division with the proper documentation to establish ownership and allow payment.

No, the funds are held until the rightful owners claim them.