Iowa Identification Form For Unclaimed Funds (Individual)
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FAQ
The Iowa unclaimed property law requires all businesses to review their records each year and report unclaimed assets to the unclaimed property program in my office. This report must be filed on or before November 1 of each year and should include all property that is reportable as of July 1.
Property is considered unclaimed when the owner has failed to acknowledge the existence of or claim an asset for a set period. For the State of Iowa, this dormancy period is generally three years (see Exhibit I).
Unclaimed property dormancy is a period of time during which there is no activity from the unclaimed property owner. The unclaimed property dormancy varies by property type, but is pretty uniform across the states for that type of property.
Iowa Code Chapter 556, the Uniform Disposition of Unclaimed Property Act (the Act), was initially enacted in 1967. The Act covers unclaimed intangible personal property of all types, including insurance benefits, utility deposits, stocks, bonds and bank accounts.
STEP 1: Navigate to the Property Search Page.STEP 2: Type Your Name to Search for Property.STEP 3: Add Your Property and Click "FILE YOUR CLAIM"
The period of inactivity is referred to as the dormancy period. The general rule is that after a 3-year dormancy period the unclaimed property must be reported and remitted to the state.
How long does it typically take to receive my money? It generally takes four to six weeks to process a claim.
Examples of unclaimed property include checking and savings accounts, uncashed checks, stocks, bonds, insurance benefits, utility security deposits or even valuables from safe deposit boxes. Search to see if any belong to you at GreatIowaTreasureHunt.gov.
