You can charge up to 10% as a Georgia Unclaimed Money Finder. Georgia really only has two basic rules that you need to follow. From Georgia Code 44-12-224: Agreement and fees for recovery or assistance in recovery of property reported and delivered to commissioner (a) All agreements to pay compensation to recover or assist in the recovery of property reported and delivered to the commissioner under this article shall be unenforceable for 24 months after the date of payment or the … [Read more...]
Florida
You can charge 30% as a Florida Unclaimed Money Finder. However, you are required to register as either a private investigator, CPA, or, attorney. That doesn't mean you can't make money in Florida as an Unclaimed Money Finder if you are not one of the above professions. There is currently more than $2 billion in unclaimed property being held by the state of Florida. That's $2 billion! This is mostly from dormant accounts in financial institutions, insurance and utility … [Read more...]
Indiana
You can charge a 10% commission fee as an Indiana unclaimed money finder. Indiana's Unclaimed Money Finder Law, Section IC 32-34-1-46, has the following rules for finders: Fee agreement to locate, deliver, or recover owner's property An agreement by an owner that: (1) has the primary purpose of paying compensation to locate, deliver, recover, or assist in the recovery of property presumed abandoned under this chapter; and (2) is entered into not earlier than the date the property was … [Read more...]
Delaware
In Delaware, you can charge 10% or $1000, whichever is less. That means the most you can make on a claim is $1000. For that reason, I suggest searching in other states, even if you live in Delaware. From the Delaware Code: When an agreement to locate property is enforceable: An agreement by an owner and a person, a purpose of which is to locate, deliver, recover, or assist in the location, delivery, or recovery of property held by the State Escheator, is enforceable only if the … [Read more...]
California
There is a lot of information regarding becoming a California unclaimed money finder, so I am going to break it down as simply as possible. California has over $9 billion being held for over 48 million owners. California also is one of the most "finder friendly" states around once you follow their guideline, so it's definitely an excellent opportunity to make money. California will even send your commission directly to you! The two main laws to remember in California are: You … [Read more...]
Colorado
You can charge up to 10% as a Colorado Unclaimed Money Finder. Colorado's Unclaimed Money Finder Laws are pretty simple and straightforward. They are summarized here: In Colorado, a contract to pay compensation for locating or assisting in the recovery of unclaimed funds is not enforceable for the first 24 months after the date the payment of delivery is made to the Treasury. Any agreement to pay compensation to recover or assist in the recovery of property reported which is … [Read more...]
Wyoming
You can set the fee at whatever you would like as a Wyoming unclaimed money finder. However, I don't suggest that you go crazy and charge something like 50% because it may be difficult to get clients. If you want to try 25-30% and have them negotiate down to something like 20%, I think that is fair for both parties. We're happy charging our normal 10% fee. Wyoming calls unclaimed money finders "asset finders" and has several provisions in place for them: Statute 34-24-136 … [Read more...]
Arizona
You can charge up to 30% commission as an Arizona unclaimed money finder. With $300 million dollars being held, that is $90 million in commission up for grabs! AND as an Arizona unclaimed money finder, the State will send you a separate check for your commission! That is huge! That's the good news. The bad news is you have to be a licensed private investigator to locate unclaimed money in Arizona. However, it is not that difficult to become a private dick in Arizona. You need to … [Read more...]
Arkansas
The terms for becoming an Arkansas Unclaimed Money Finder are pretty simple. They only have a couple of requirements that matter: 1. You cannot charge more than 10% of the amount of money found. 2. The money must be held for at least twenty-four months before you can contact an owner and charge a fee for locating the money. With $170 million worth of unclaimed money being held in Arkansas, at 10%, that is $17 million up for grabs! Here are the complete terms regarding finders from … [Read more...]
Alabama
You can charge 10% as an Alabama Unclaimed money finder! In the past five years, over $125 million dollars in unclaimed money was returned to its rightful owners or their heirs in Alabama. $125 million dollars sound like a lot, but that breaks down to $25 million per year. With almost half a billion dollars being held by the state that is only about 5% of what is actually owed. Obviously the state cannot do it all themselves. That is where unclaimed money finders come in. Unclaimed money … [Read more...]
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