Tennessee’s state government collects unclaimed property worth millions of dollars each year. State government has refunded $10 million to its rightful owners this fiscal. If you are a prospective owner you can check online if state owes you.
The process of claiming will not cost you anything. To give you a brief overview let’s look at some of the highlights associated with unclaimed property in Tennessee:
- After confirming that state owes to a prospective claimant, claim form has to be duly filed and sent to the state government’s office
- If the claim is for more than $100 it has to be notarized
- Sufficient supporting documents – social security copy or utility bill copy etc as required by the state is mandatory for claims processing
- Claims processing in Tennessee take 3-4 weeks. At times during high peak it may for up to 6-8 weeks too. However, failure to provide requisite documentation can delay the claim process.
- Post compliance and verification of the documents and claim form; check will be issues to the rightful owner. Therefore, mention your most recent address on the claim form.
While sending any document or claim form it is recommended to keep a copy. It will help in tracking on their online resource and in case of any exigency you can quote your form or claim number to check the status.
Businesses and holding institutions are required to comply with the state’s policy of reporting unclaimed property once in a year. This helps in easy tracking and maintenance of fresh unclaimed property proceeds. These property proceeds are publishes twice in a year in news dailies. Rightful owners or their legal heirs can file for claim in Tennessee at free of cost. SO what are you waiting for? State might owe you a pleasant surprise! Check and claim it now.