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When the ?holder? of the property unsuccessfully attempts to locate the original owner, the assets must be remitted to the Nevada State Treasurer's Office, in ance with NRS 120A. The Treasurer's Office is charged with safeguarding the value of these assets in perpetuity.
Nevada requires holders to send due diligence notifications for any property with a value of $50 or more. Due diligence letters must be sent each reporting cycle to the apparent owner at the last known address not more than 120 days or less than 60 days from the reporting deadline.
If you have ever resided or conducted business in Nevada and are looking for unclaimed property in Nevada, please click on this link ( ) to perform a specific search by name for properties being safeguarded by the Nevada State Treasurer's Office.
Unclaimed property can be any financial asset owed to another business or individual. Property is considered abandoned when there has been no activity or contact with an owner for a specific period. The property type will determine the abandonment period; however, it is typically three years.
The property type will determine the abandonment period; however, it is typically three years. When a holder's attempts to locate the rightful owner have been unsuccessful, the assets must be reported and remitted to the Nevada State Treasurer's Unclaimed Property Division.
Nevada requires holders to send due diligence notifications for any property with a value of $50 or more. Due diligence letters must be sent each reporting cycle to the apparent owner at the last known address not more than 120 days or less than 60 days from the reporting deadline.
Is there a time limit to claim abandoned property? No. The State of Nevada acts as custodian for abandoned property, holding it in perpetuity until such time as the original owners or heirs claim it.
When the ?holder? of the property unsuccessfully attempts to locate the original owner, the assets must be remitted to the Nevada State Treasurer's Office, in ance with NRS 120A. The Treasurer's Office is charged with safeguarding the value of these assets in perpetuity.