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Pennsylvania Escheat and Unclaimed Property Laws StateReporting PeriodDue DiligencePennsylvaniaJanuary 1 to December 31$50 minimum, first class mail to last known address or owner agreed electronic notice 60 to 120 days prior to report filing
The role of the Department of the Treasury's (Treasury) Bureau of the Fiscal Service (Fiscal Service) in locating and recovering unclaimed assets on behalf of federal agencies, and. Guidelines on the use of private-sector professionals known as ?finders? to locate and recover unclaimed assets.
The dormancy periods vary depending on the type of property, but for most types, the dormancy period is three (3) years. There are some exceptions, the most notable is payroll and commissions, which is two years. The property dormancy matrix can be found on Treasury's website.
Under Pennsylvania law, a finder is not permitted to charge more than 15% of the total amount claimed.
Pennsylvania Treasury - Bureau of Unclaimed Property - Claimant Checklist. Before mailing your claim form, remember to: Sign the Claim Form and have the document notarized if the Notarization Section is printed on your form.
Html. The Treasury maintains continual custody of the unclaimed property until it is claimed by the rightful owner, or his or her heirs. There is no time limit to claim your property and if at any time you can prove ownership, the Treasury will return it to you at no charge.
Finders. Pennsylvania state law requires that all "Finders" and property recovery professionals who assist potential claimants assemble a claim for a fee must complete an application and be certified as a finder by the Pennsylvania Treasury.