Why is the Oklahoma Treasury Department holding money that belongs to you??
By: Nicole Anderson | Posted: 04th May 2007
The problem of lost money has become very acute in Oklahoma. The Oklahoma State Treasury Department owes a lot of money to a lot of residents of the state. In all, 175 Million dollars is owed to 350,000 residents. You may very well be one of them!! Today, 1 in eight persons in Oklahoma is owed unclaimed money.
Now that you have become aware of the problem of unclaimed money in Oklahoma, it is time for you to know more about the problem. Knowledge is essential to solving the problem the first thing that you should do is gain information about the various means by which property becomes unclaimed. If there is no activity regarding the money or if the same is rejected, the money becomes unclaimed money, says the website of Oklahoma State Treasury Department.
Property becomes unclaimed property when ignored and not claimed for many years. The exact time period depends on the law of the state.
The largest unclaimed money account owed to a single Oklahoma resident is 573,000 dollars
The residents of Oklahoma are unaware that they may be owed unclaimed money. Further, they are also unaware of how easy it is to be owed unclaimed money. This compounds the problem and all can see the resulting mess.
Want to know how serious the problem of unclaimed money is?? One in seven in Oklahoma is owed unclaimed money. It is that serious
The lack of awareness of the residents of Oklahoma is evident from the fact that 12.5 million dollars was repaid in 2005 while 40 million dollars was added as new unclaimed money in 2006.
Bill McIntosh who is the founder of www.cashunclaimed.com has pointed out that notifying the residents of Oklahoma is essential for controlling this problem. No solution to the problem of unclaimed money can be found without the initiative of the residents.
Want to recover Unclaimed Property in Oklahoma?? Refer reports published twice in a year in newspapers or the Internet for information. Just claim the money and find it landing on your doorstep within one to eight weeks.
Who can recover?? Any resident of Oklahoma or any resident of any other state can recover. Where to get information on Unclaimed Property in Oklahoma?? From the newspapers or the internet.
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