The law dictates that any unclaimed checks, dormant accounts, and abandoned properties should be reported to the government to give a chance for the rightful owners to still claim their assets even over a long period of time. If financial institutions and businesses do not comply with this law, they will be penalized for it. In fact, even partial compliance is totally unacceptable.
This law gives a chance for those people who have relocated to other States, have changed their names and civil status, and those who are unaware of their inheritance, to stake a claim provided they have proof of their proprietary rights over these unclaimed assets.
If you suspect that you might have some unclaimed checks, then you have to investigate further and check all means possible in order to find out if there are any checks to be claimed. Here are some pointers that you can follow:
Searching and claiming unclaimed checks is not as difficult as it used to be; so a little effort from your end will not be too much of a hassle. The important thing here is to begin with the search and don’t stop until you have looked at all possible avenues. In the end you will reap the harvest of your efforts.