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 entered into more than 24 months after the date of payment or delivery is made to the Treasury, is enforceable. The set forth agreement must be in writing and signed by the owner of the property; must describe the property and must set forth the nature of the services to be provided.

• The contract between the owner/heir and the finder is required to state that the apparent owner may directly file a claim for property with the administrator of a state’s Unclaimed Property Act, who in Colorado is the State Treasurer, with being charged a fee by the administrator.

If you’re feeling ambitious, you can read the entire Colorado Unclaimed Property Act here.

Colorado Unclaimed Money Finder Lists

Unclaimed Property & Estates of Deceased Owners

The State of Colorado has one list available that includes the items above, and is $305.00, which includes shipping. All discs will be mailed/delivered once payment is received. The office accepts cashier’s checks or money orders only. Checks should be made payable to: “Colorado Unclaimed Property Division”, 200 E. Colfax Ave. Room 141, Denver CO 80203-1722

Unclaimed Property Finder List Description

The Unclaimed Property Finder list is updated annually and is available on compact disk. Owners with names are listed on the compact disk listed alphabetically by the owner’s name or business name. The list has properties greater than 24 months per statute CRS 38-13-1302.

Amounts less than $500.00 are removed from the list. The list consists of the owner’s name, last known owner’s city/state, name of the institution that remitted the funds, the type of property, the year reported, the range of reported fund amount as shown online (for example, “Greater than $250”).

The division will no longer provide specific dollar amounts on the finder list. This change has been made to be consistent with what individual owners are seeing online compared to what the finder list provides. The list will be defaulted to the highest range- Greater than $250- in the dollar range for all listed properties.

Claims are processed by the Treasurer’s office. The Treasury will require documentation of ownership and/or heirship, proof of identification and a notarized signature from the owner or heir. The type of documentation will vary depending on the type of claim (i.e. owner, heir, business and the type of property).

A warrant will be issued to the owner or heir of the unclaimed property only after proof of ownership and, where appropriate, heirship has been established. The Treasury will only pay the owner or heir of the unclaimed funds. The law requires the Treasury to pay the rightful owner or his/her heir(s) and to obtain authentic and verified signatures from those individuals. A finder or locator must obtain information from his or her client about the progress of the claim in process. The Treasury will inform a third party or locator the status of the claim (CRS 38-13-1303) no further information will be provided other than to the rightful owner or heir.

With 500,000 residents owed more than $50 million dollars, the Colorado Treasury can’t return all of this money themselves.

 

 

 

Click here if you’re interested in becoming a Colorado Unclaimed Money Finder