mississippi Unclaimed Property

Mississippi Unclaimed Property

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Welcome to our comprehensive guide on unclaimed property in Mississippi. If you are a resident of Mississippi or have had any financial dealings within the state, it’s essential to understand what unclaimed property is and how it can affect you. In this article, we will cover everything you need to know about unclaimed property laws, reporting requirements, and the process of reclaiming your assets. So, let’s dive right in!

What is Mississippi Unclaimed Property?

Unclaimed property refers to any financial asset or property that has been abandoned by its rightful owner. This can include dormant bank accounts, uncashed checks, insurance policies, stocks, bonds, dividends, utility deposits, and much more. When the rightful owner fails to contact the financial institution or company holding their assets for a specified period (known as the “dormancy period”), these assets are considered unclaimed.

Unclaimed Property Laws in Mississippi

In Mississippi, the unclaimed property laws are governed by the Mississippi Unclaimed Property Act. This act requires businesses, financial institutions, and other organizations to report and remit unclaimed property to the Mississippi State Treasurer’s Office. The primary objective of this act is to protect the rights of owners and facilitate the return of their assets.

Reporting Requirements

Businesses and organizations in Mississippi are required to conduct due diligence to locate the rightful owners of unclaimed property. If the owner cannot be found, they must report and remit the unclaimed property to the State Treasurer’s Office by a specific deadline.

The reporting process involves gathering relevant information about the property, such as owner details, property type, and any supporting documentation. The State Treasurer’s Office provides detailed guidelines and reporting forms to ensure accurate and timely submissions.

Dormancy Periods

The dormancy period for various types of unclaimed property in Mississippi can vary. Here are some examples:

  • Bank accounts: 3 years of inactivity
  • Payroll checks: 1 year of non-payment
  • Insurance policies: 5 years of non-contact with the owner

It’s important to note that the dormancy period starts from the date of the last contact between the owner and the financial institution or company holding the assets.

Penalties for Non-Compliance

Failure to comply with the reporting requirements outlined in the Mississippi Unclaimed Property Act can result in penalties and fines for businesses and organizations. These penalties may vary depending on the nature and severity of the violation.

The Role of the Mississippi State Treasurer’s Office

The Mississippi State Treasurer’s Office plays a crucial role in managing unclaimed property within the state. Their primary responsibilities include:

  1. Receiving and processing reports from businesses and organizations regarding unclaimed property.
  2. Maintaining a centralized database of unclaimed property records for public access.
  3. Facilitating the return of unclaimed property to rightful owners through various outreach initiatives.
  4. Assisting owners in the process of claiming their assets and providing necessary guidance and support.How to Search for Unclaimed Property in Mississippi

If you believe you may have unclaimed property in Mississippi, you can easily search for it through the official website of the Mississippi State Treasurer’s Office. The website provides a user-friendly search feature where you can enter your name or business name to check if you have any unclaimed property.

Once you initiate a search, the system will scan its database for potential matches. If any matches are found, you will be provided with detailed instructions on how to initiate the claims process.

Claiming Your Unclaimed Property

If you discover that you have unclaimed property in Mississippi, congratulations! Now, let’s walk through the steps you need to take to claim your assets:

  1. Gather Required Documentation: Before initiating the claims process, make sure you have all the necessary documentation to prove your ownership. This may include identification documents, proof of address, old account statements, or any other relevant paperwork.

  2. Complete the Claim Form: Visit the Mississippi State Treasurer’s Office website and download the official claim form. Fill out the form accurately and provide all requested information, including property details and owner identification.

  3. Attach Supporting Documents: Attach copies of the required supporting documents to your claim form. Ensure that all documents are legible and easy to understand.

  4. Submit Your Claim: Once your claim form and supporting documents are ready, submit them to the Mississippi State Treasurer’s Office as instructed. You may have the option to submit your claim online or by mail, depending on the specific guidelines provided.

  5. Follow Up and Await Response: After submitting your claim, it’s important to follow up with the State Treasurer’s Office to ensure that your application is being processed. Be patient, as the review process may take some time. Keep a record of any communication and reference numbers for future inquiries.

  6. Receive Your Property: If your claim is approved, you will receive notification from the State Treasurer’s Office. The next steps will vary depending on the type of property being returned. In some cases, you may be required to provide additional information or visit a specific location to collect your assets.


Understanding the process of unclaimed property in Mississippi is vital to protect your financial interests. By familiarizing yourself with the laws, reporting requirements, and claiming process, you increase your chances of reclaiming any unclaimed assets that rightfully belong to you. Remember to periodically search for unclaimed property using the Mississippi State Treasurer’s Office website to stay updated and take advantage of any potential opportunities to reclaim your assets.