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What Is Unclaimed Property in Florida?


Unclaimed property is money or property that a business, government agency, financial institution, or other holder cannot return to the rightful owner. This usually happens when mail is returned, an account goes inactive, a check is never cashed, or contact information becomes outdated.
Florida’s unclaimed property law is covered under Chapter 717, known as the Florida Disposition of Unclaimed Property Act.
Common types of unclaimed property include:
  • Old bank accounts
  • Uncashed payroll checks
  • Insurance proceeds
  • Utility deposits
  • Refund checks
  • Stocks or dividends
  • Court deposits
  • Safe-deposit box contents
In simple terms, it is property that belongs to someone, but the holder has lost contact with that person.

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