Texas Has High Amounts of Unclaimed Property
Texas unclaimed property is creating headlines for reaching an alarming figure of $2.2 billion. The state agencies are still in a dilemma to find a strategy in order to put a stop to the growth rate of this lost money pile. As per the state agencies, the total records presently with the state averages to be around 12 million.
Texas unclaimed money and property are some of the main problems that have been disturbing the economy of Texas for a quite a time now. The state agencies are trying their best towards attaining a robust technique to curb the growth of lost money pile, and also to create one of the best unclaimed property search technique. It is because of the repeated efforts of the state there were returns of about $164 million last year to the rightful owners.
The newly introduced state initiatives include educating people by organizing state fairs and even welcoming people in conducting on the spot searched for their lost property. State agencies believe that by motivating people to come up and claim their lost property can assist them in forming a tight grip over the massive pile of unclaimed money formed over the years. The state is even sending notices related to lost property on the last known address of the owner.
State initiatives also include websites like www.claimittexas.org that offer assistance by showing the claimant the correct procedure for applying for a lost property and the necessary documents that should be presented to the state agencies while making a successful claim. The official website of NAUPA is also assisting the claimants by offering property searches in different part of the states. The state agencies are in talks for creating a robust technique that will assist the claimant in claiming his or her lost property back without waiting for a long period of time.
