It’s pretty simple to become a Louisiana unclaimed money finder and their list is only $50, so it doesn’t take much to get started.
Louisiana Unclaimed Money Finder Laws
Louisiana Revised Statute Title 9
Louisiana Department of the Treasury
Information for Locators of Unclaimed Property
Louisiana law provides for a maximum limit of 10% on locator fees and a waiting period from the time the property is presumed abandoned until 24 months after it is reported. A private investigators license is NOT required in Louisiana. Our owner information is available on a compact disc for the cost of $50.00 (cashiers or certified check). This CD includes the owner’s name, address, the reporting company, the type of property and amount. Please mail any requests to:
Louisiana Department of the Treasury
Unclaimed Property Division
626 Main Street
Baton Rouge, LA 70801
Copy of the relevant section of law:
§ 177. Agreement to locate property
A. An agreement by an owner to pay compensation to locate, deliver, recover, or assist in the recovery of property that is presumed abandoned is void and unenforceable if it was entered into during the period commencing on the date the property was presumed abandoned and extending to a time that is twenty‑four months after the date the property is paid or delivered to the administrator.
B. Any agreement by an owner to pay compensation to locate, deliver, recover, or assist in the recovery of property is enforceable only if the agreement is in writing, clearly sets forth the nature of the property and the services to be rendered, is signed by the apparent owner, and states the value of the property before and after the fee or other compensation has been deducted.
C. If an agreement covered by this Section is applicable to mineral proceeds and the agreement contains a provision to pay compensation that includes a portion of the underlying minerals or any production payment, overriding royalty, compensating royalty, or similar payment, the provision is void and unenforceable.
D. Any agreement by an owner to pay compensation to locate, deliver, recover, and assist in the recovery of property which is entered into on a date that is twenty‑four months or more after the date the property is paid or delivered to the administrator shall not provide for compensation exceeding ten percent of the value of the recoverable property. An owner who has agreed to pay compensation that is unconscionable, or the administrator on behalf of the owner, may maintain an action to reduce the compensation to a conscionable amount. The court may award reasonable attorney fees to an owner who prevails in the action.
E. An owner may at any time assert that an agreement covered by this Section is otherwise invalid.
Acts 1997, No. 809, § 1, eff. July 10, 1997.
There are millions of dollars in unclaimed money in Louisiana.
Help return this money and get paid commissions with this great opportunity!
Please click here if you would like to become a Louisiana unclaimed money finder.
Hello my name is Kevin Anthony Roy my father Edward August Roy passed away in 11/88 and he had stock in his work it was 115 shares in Trinity industries.when he passed my brothers and I gave that paperwork to my uncle his brother Louis VRoy so he could recoup some of his expenses for my dad’s services.Well he never did anything with them and he passed away in’92 I believe.Anyway I searched the La .Treasury site and found the state had my dad’s stock.well we never got around to claiming it. Well now when I search I cannot find anything about my dad in the Treasury site.And I am the one who found it the first time.Could someone please contact me about this matter.it has been many years since I found that info. So not sure if the state just claimed it and case closed. So I would like some help
Hello Mark,
Thanks again for your fantastic book.
I was doing a little checking into Louisiana to see if they have made any changes in their laws or regulations recently and it appears that they no longer give the specific dollar amount except that it’s over certain amounts, the highest being $100.
I read through the statute (§ 161. Notice and publication of lists of abandoned property) and it didn’t explicitly make that claim but it was under the FAQ on the UP page for LA.
“Why doesn’t the “Property Found” list include dollar amounts?
We do not publish dollar amounts to protect the privacy of the owners. You can obtain more information about an item by clicking on the Property ID number, but this will only reveal an amount range. The amount ranges displayed are: less than $25.00, $25.00 to $50.00, $50.00 to $100.00, over $100.00”
Did I get this correct because I have read that in some states a FOIA or other methods has allowed Finders to obtain the list with the amounts?
I’ve not heard of FOIA being used to get the information but I would not be surprised if that was used successfully. We used to be in New York ( in PA now) and did not search in NY unless someone requested we do because the dollar amounts were not listed on the list. Instead we searched in other states.
One time we were helping with an estate in NY with the executor of the will and the unclaimed funds dollar amounts, in New York, were listed. I do not know how the lawyers were able to get that information, but they had it, so they may have used one of the methods you referred to. For us, it was always easier to just search in other states.