Maine Notice to Public of Finding of Lost Property
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How to fill out Notice To Public Of Finding Of Lost Property?
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FAQ
Any funds which have "escheated" to the State of Maine may be recovered by the owner by contacting the State Treasurer's Office at (207) 624-7470 or toll-free in Maine at 888-283-2808.
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. Some property types have different dormancy periods. For example, the dormancy period for payroll is one year.
State that if the owner or lien holder of the vehicle has not properly retrieved it and paid all reasonable charges for its towing, storage, and repair within 14 days from the publication, ownership of the vehicle will pass to the owner of the premises where the vehicle is located.
Utility deposits and refunds, wages and government obligations have a one-year dormancy period. Securities, retail related properties, tax-deferred compensation and retirement account properties have a three-year dormancy period. Accounts payable and most other general obligations have a five-year dormancy period.
All Maine organizations are required to file an annual report. If no properties are found during an annual records review; a negative report should be filed.
For most types of tangible property, the period is three years. All unclaimed property, regardless of value, must be reported to the State of Maine after the applicable period passes without the owner communicating any interest.
Whoever finds lost money or goods of the value of $3 or more shall, if the owner is unknown, within 7 days give notice thereof in writing to the clerk of the town where the money or goods are found and post a notification thereof in some public place in said town.
Unused amounts on gift cards, for example, are presumed abandoned after two years. (Here's an earlier post on Maine gift certificate regulations.) For unpaid wages, the period is one year. For most types of tangible property, the period is three years.
