The Alabama Application for Payment of Unclaimed Funds for Individual Owner of Record is a form used by the State of Alabama to process requests for payment of unclaimed funds owed to individuals. The application is used to claim funds deposited with the state that have not been claimed for a period of three years or longer. The unclaimed funds can be from a variety of sources, including abandoned bank accounts, safe deposit boxes, insurance policies, stocks, and other investments. The application can be filled out online or printed and mailed to the Unclaimed Property Division of the Alabama Department of Revenue. Applicants must provide proof of ownership of the funds, such as a driver’s license, social security card, birth certificate, or other valid ID. Additional documents may be required depending on the type of funds being claimed. There are two types of Alabama Application for Payment of Unclaimed Funds for Individual Owner of Record: the Individual Owner of Record Application and the Business Owner of Record Application. The Individual Owner of Record Application is used by individuals claiming funds due to them, while the Business Owner of Record Application is used by businesses claiming funds due to them.