The Illinois Notice of Motion (Unclaimed Funds) is a legal document that is filed in the circuit court of the county where the unclaimed funds are held. This notice is used to alert owners of unclaimed funds that the state is attempting to locate them in order to return the money to its rightful owner. The notice informs the owner of the amount of unclaimed funds, where the funds are located, and how to contact the court and the state to reclaim the funds. The types of Illinois Notice of Motion (Unclaimed Funds) include: dormant bank accounts, forgotten utility deposits, unwashed checks, forgotten insurance policies, unclaimed inheritances, and other unclaimed funds.
Illinois Notice of Motion (Unclaimed Funds)
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Notice Of Motion (Unclaimed Funds)
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FAQ
Yes, the Illinois treasurer has returned approximately $22.7 million in unclaimed property to its rightful owners over recent years. This demonstrates the state's commitment to helping people recover their lost assets. If you believe you have unclaimed funds, be proactive and consider using an Illinois Notice of Motion (Unclaimed Funds) to navigate the process smoothly. Remember, every little bit can make a difference.
The National Association of Unclaimed Property Administrators' website .unclaimed.org is an excellent resource.
For more information, or to see if you have any unclaimed property, visit
Section 15-404 of the Illinois Revised Uniform Unclaimed Property Act states, ?A holder required to file a report under Section 15-401 shall retain records for 10 years after the later of the date the report was filed or the last date a timely report was due to be filed, unless a shorter period is provided by rule of
Generally, if the property in question has not had any activity within a certain period of time, e.g., three years for most properties, and the holder is unable to locate the property owner, it is considered abandoned and must be reported to the Unclaimed Property Division of the State Treasurer's Office.
How do I find out if I have unclaimed property? Search your name on our online I-CASH database which is updated weekly. As part of our ongoing owner outreach efforts, you may even receive a letter directly from the Treasurer informing you that you have unclaimed property.
Generally, if the property in question has not had any activity within a certain period of time, e.g., three years for most properties, and the holder is unable to locate the property owner, it is considered abandoned and must be reported to the Unclaimed Property Division of the State Treasurer's Office.
The State Treasurer is holding 2.5 billion dollars in unclaimed funds for Illinoisans. The State holds these lost funds until they are claimed by either the original owner or their heirs. Property is returned at no cost with the proper identification.
Section 15-404 of the Illinois Revised Uniform Unclaimed Property Act states, ?A holder required to file a report under Section 15-401 shall retain records for 10 years after the later of the date the report was filed or the last date a timely report was due to be filed, unless a shorter period is provided by rule of
