You can charge up to 25% as a South Dakota unclaimed money finder!

43-41B-36.   Agreements to locate reported property.

All agreements to pay compensation to recover or assist in the recovery of property reported under § 43-41B-18, made within twelve months prior to the reporting and remitting of abandoned property accounts and within twenty-four months after the date payment or delivery is made under § 43-41B-20, are unenforceable.

No agreement entered into after twenty-four months of the required date of delivery of the property by the holder to the state treasurer is valid if a person thereby undertakes to locate property included in a report for a fee or other compensation exceeding twenty-five percent of the value of the recoverable property unless the agreement is in writing and signed by the owner.

Nothing in this section may be construed to prevent an owner from asserting at any time that an agreement to locate property is based upon excessive or unjust consideration.

A violation of this section is a Class 1 misdemeanor.

South Dakota does not provide a list for finders to be used for commercial purposes.

The information that is not private can be searched online at their website.  You can search the online database to review the properties available. Unclaimed Property records are classified as private data as described in the “Government Records Access Management Act.”

Claim forms for specific properties may be submitted by:

·         The reported owner;

·         In the case of property reported in the name of a deceased person, the executor, administrator, or personal representative of an owner’s estate, or an heir if there is no will or the probate is closed; or

·         A second party (such as a fee finder) upon receipt of a power of attorney signed by the owner(s) or, in the case of a deceased person, signed by the personal representative or legal heir, if there is no will or probate has closed.

 

 

 

 

 

If you are interested, please click here for more information on becoming an unclaimed money finder.

You can charge up to 35% as a New Jersey unclaimed money finder.

That is if the money has been located and you have an agreement before it has been turned over to the States unclaimed money division (good luck with that one).

If it has been held for twenty-four months or more, than you can charge up to 20%.

You cannot charge any fee if the money has not been held for at least twenty-four months, but you can charge 35% if you can get if before it it is turned over to the state.

Does that make sense?

Here, they are letting you charge more if it has been held for less time. Maybe Tony Soprano had something to do with it?

I think it would be easier to just focus on the 20% when it has been held for twenty-four months.

NEW JERSEY STATUTES ANNOTATED TITLE 46. PROPERTY SUBTITLE 6. PERSONAL PROPERTY ONLY CHAPTER 30B. UNCLAIMED PERSONAL PROPERTY ARTICLE 35. MISCELLANEOUS Current through L.2002, c. 74 46:30B-106. Unenforceable agreements

All agreements to pay compensation to locate, deliver, recover, or assist in the recovery of property reported under this chapter, made within 24 months after the date that the property is paid or delivered to the administrator, are void and unenforceable.

Agreements entered into any time after such 24-month period are valid only if the fee or compensation agreed upon is not more than 20% of the value of the property recovered, the agreement is in writing, signed by the apparent owner, and clearly sets forth the nature and value of the property and the value of the apparent owner’s share after the fee or compensation has been deducted.

Agreements entered into before the property was presumed abandoned are valid only if the fee or compensation [FN1] agreed upon is not more than 35% of the value, the agreement is in writing, signed by the apparent owner, and clearly sets forth the nature and value of the property and the value of the apparent owner’s share after the fee or compensation has been deducted.

However, nothing in this section shall be construed to prevent an owner from asserting at any time that an agreement to locate property is based upon an excessive or unjust consideration.

Click here for the complete New Jersey Unclaimed Money Finder Law

 

 

 

 

 

Click here is you would like to learn more about becoming an unclaimed money finder.

Want to become a Rhode Island unclaimed money finder?

Well, you can become an unclaimed money finder if you live in Rhode Island, but your best bet is to look for money in other states.

I work with my wife Jeannie.

Here is how her conversation went with the Rhode Island unclaimed property division.

Jeannie – “Hi my name is Jeannie and I’m interested in becoming a Rhode Island unclaimed money finder. What kind of documents can you send me?”

Unclaimed Property – “We don’t deal with heirfinders at all!”

Jeannie – “So I can’t help people recover money that you are holding?”

Unclaimed Property – “No!”

So, you can see how they feel about finders!

This is from the frequently asked questions on their website:

Q. Do I have to pay a fee to reclaim my money?

A. No! Since it is a public record, many private individuals and companies have access to the unclaimed property list. They may contact you and offer to reunite you with your money for a fee, such as a percentage of the recovery. Although this practice is legal, you may be able to recover 100% of your money without any fees if you contact the Unclaimed Property Division.

Yes, but good luck getting it if you don’t even know it exists! Do you think the state is going to call you about it?

As I’ve mentioned time and time again throughout the site, just because you live in a certain state does not mean that you can only look for money in that state.

For example, we live in New York, but unless it’s friends or family asking us, we don’t look for unclaimed money in New York because the dollar amount is not shown on the list.

That is why, it’s best for you to look in other states if you are living in Rhode Island.

If you don’t want to look too far, Massachusetts is a great state to start.

Although, with the internet and unlimited state to state calling or very low long distance rates at the least, it doesn’t really matter where you start.

There are still millions of people owed billions of dollars all over the county.

 

 

If you are interested in taking advantage of this great opportunity and would like to learn more about becoming an unclaimed money finder, please click here.