Have you set up a Yahoo id as a back up email address but haven't used it for a while? Where tonight there's a warning you need to know! Yahoo plans to recycle Yahoo user IDs that have been inactiveMore >>
If you haven't used yours in a while it may be in jeopardy of falling in someone else's hands.More >>
Tuesday, May 7 2013 9:35 PM EDT2013-05-08 01:35:30 GMT
Election day is well underway as voters head to the polls to choose a new congressman or woman. Being a special election, polls are expected to be relatively busy, but election officials are not expectingMore >>
Former South Carolina Gov. Mark Sanford has redeemed a political career sidelined by scandal by winning his old congressional seat. Sanford defeated Elizabeth Colbert Busch Tuesday in the state's 1st Congressional District.More >>
CHARLOTTE, NC (WBTV) - It seems that with every keystroke and every click of the mouse, someone is tracking you online. Whether it's your phone, your tablet, or even your web browser. We have givenMore >>
More web browser companies are offering a "do not track" option to protect customers privacy.More >>
Those who bought into timeshare properties are quickly finding they were not the "investment" many were led to believe. Now hundreds are practically giving their timeshares away to get out from under the fees. More >>
Those who bought into timeshare properties are quickly finding they were not the "investment" many were led to believe. Now hundreds are practically giving their timeshares away to get out from under the fees.More >>
COLUMBIA, SC (WIS) - Below are some common questions and answers regarding the Palmetto Payback program for the State Treasurer's office:
Who runs the program?
The State Treasurer's Office (as in most of the 50 states)
Generally any financial asset, usually money that has not been claimed by its owner or has not had any owner-generated activity for a period of time...usually 5 years.
stocks and bonds
uncashed payroll checks
old utility deposits
How does property become unclaimed?
State law say that property becomes "unclaimed" when the owner does not respond to attempts by the holder of the property (a bank, an insurance company, or utility company) to contact the owner of the account after the account has been inactive for a period of time... usually five years. If the owner does not respond or cannot be contacted, the property is then sent to the State to hold on behalf of the rightful owner until the owner can be found.
How long does the State hold money?
As long as you can show proof that the property belongs to you, you can always claim your property. There is no time limit.
What if the original owner is deceased?
The Personal Representative for the estate can make a claim on the property by providing a copy of the death certificate, a current dated Certificate of Appointment from the Probate Court, as well as proof of ownership of the property.
Is there any charge or fee for this program?
No. There is no fee for this service whether or not property is found under your name. There are companies which charge a fee for this service.
How much money is the State holding?
About $200 million dollars.
How many people are on the unclaimed property list?
About 1 million people.
What is the dollar range?
People currently on the list are owed between 1 cent and $98,000.
What is the highest amount ever found?
The Treasurer's Office located a person how was owed $400,000.
How much money was returned to its rightful owners in 2006 by the Treasurer's Office?