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In Oregon, property is considered abandoned by a co-tenant after 14 days of continuous absence from the rental unit. This means that the co-tenant must have been gone from the unit for 14 days straight, without returning at any point during that time.
If the value of the property is over $250 and you want to keep it, Oregon law 98.005 requires that you give notice to the County Clerk within 10 days of the finding and advertise your finding in a local newspaper once a week for two weeks within 20 days.
If you do not comply, you could be subject to late-reporting interest and a civil penalty of up to $50,000.
(1) Any Person may request a Finder's List of Unclaimed and Escheat Property. (2) To complete the request, the Person must: (a) Submit the request electronically through the Treasurer's Electronic Payment Gateway. (3) The Person must pay the fee of not less $150.00 prior to receiving the report.
Dormancy periods vary by property type, but in general, most property types in Oregon have a three-year dormancy period. Accounts are considered dormant if the owner of a property has not indicated any interest in the property or if no contact has been made for the allotted dormancy period for that property.
Questions about unclaimed funds or ?Checks Without Claims? can be directed to Oregon's Unclaimed Property Program via email at claims@ost.state.or.us or phone at 503-378-4000. Oregon State Treasury improves the financial well-being of all Oregonians.
All unclaimed property must be reported, and Oregon law requires holders to make a diligent effort to find owners with property valued at $100 or more. Efforts may include letters, emails and phone calls. Inform owners their property will be sent to the Department of State Lands if they do not respond.
Filing a Property Claim (B) A Claimant may download a Property Claim Form from Treasury's website: .