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What is the three-year rule? That is the general escheat rule for personal property. Unclaimed personal property is considered abandoned if, for longer than three years, the location of the owner is unknown and a claim to the property has not been asserted.

In either scenario, the owner(s) and lienholder(s) have 20 days to claim the motor vehicle. If the vehicle remains unclaimed, the certificate of authority is issued on the 21st day after the notification is mailed or posted on this page.

345.75 ABANDONED TANGIBLE PERSONAL PROPERTY. If property has not been removed within six months after it comes into the possession of a person, it is abandoned and shall become the property of the person in possession, after notice to the prior owner.

Abandoned property is defined as personal property left by an owner who intentionally relinquishes all rights to its control. Real property may not be abandoned; see adverse possession.

Texas Estates Code 351.051 ? Exercise of Authority Under Court Order. (6) abandon the administration of burdensome or worthless estate property. (b) Abandoned property may be foreclosed on by a mortgagee or other secured party or a trustee without further court order.

Unclaimed Personal Property Once the personal property is considered abandoned under the law, it must be reported to the Texas Comptroller. Texans can search for unclaimed property in their name through the Texas Comptroller's website and submit a claim.