GNTLaw.com About The Firm Current Litigation GNT In The News How To Contact Us
Class Actions Unclaimed Funds

Home > Current Litigation > Unclaimed Funds

Information Regarding Unclaimed Funds
The Division of Unclaimed Funds is part of the Ohio Department of Commerce and was created to protect Ohio citizens who have inactive accounts with financial institutions and other entities. The Division is responsible for the safekeeping and return of monies designated as "unclaimed". Each year, due to death, inadvertence or forgetfulness, more than 200,000 people and organizations lose track of monies, rights to monies, and intangible property in Ohio. Enacted in 1968 to protect people who lost track of their money, the unclaimed funds laws allow the division to ensure that holders report unclaimed funds.

The division has more than 2.1 million accounts worth over $216 million in its custody, and its diligent efforts to locate missing owners and reunite them with their lost assets has been successful year after year. The purpose of the division’s community outreach program is to make the public aware that unclaimed funds are being held by the division on behalf of private individuals and organizations, and assist in returning those funds to the rightful owners.

Unclaimed Funds Division of the Ohio Department of Commerce


Home | About The Firm | Current Litigation | GNT In The News | How To Contact Us | Legal Links | Site Map | Disclaimer
© 2002 - 2006. Gary, Naegele & Theado, LLC