Highlight In Legal Colorado Abandoned Property Forms For Free

If the tenant leaves behind any belongings due to forcible eviction, the landlord must contact the tenant and give them 15 days to retrieve their belongings. However, if the tenant left the belongings voluntarily, the landlord must wait 30 days before disposing of the items or placing them in storage.

Unclaimed property scams take advantage of this process to try to steal your identity or assets. Typically, a scammer attempts to lure you into providing your information by pretending to be a government official. They may promise to reunite you with a large sum of money or some other asset, such as a car.

(1) Property is presumed to be abandoned if the owner has failed to contact the lienholder for a period of not less than thirty days and the lienholder, in good faith, is without knowledge of any evidence indicating that the owner does not intend to abandon the property.

Money or property turned over to the State Treasury for safekeeping is held for the owner or heir of the account and there are no time limits for filing a claim. The Colorado State Treasurer currently maintains a list of over 1.7 million names of individuals as well as businesses for whom property is available.

"It was passed by the Colorado state legislature for the state to be able to return lost or missing property to their rightful owners," Kadi said. Kadi says, currently, the state is holding on to $1.5 billion in cash with program, and some of it could be your money.

Money and tangible property are turned over to the state treasury for safekeeping for a variety of reasons with the goal of returning the lost or forgotten assets to their rightful owner.