There is no charge to obtain additional property for your unclaimed property – if you use your official state program. Each state has unclaimed real estate laws and programs that make this service available to its citizens. If you are willing to submit your unclaimed property as Locator (on behalf of the owner), you will need additional documentation. It is legal to provide unsolicited real estate search services in Tennessee – provided the Locator/Finder is registered with the state and follows all rules. Using a feature service may be convenient for some people. However, the use of a search service is not necessary to claim your unclaimed property in Tennessee. You can do this for free using our website ClaimItTN.gov. Many states require research professionals to register within the state or to regulate their activities or licenses in some way. There may even be a public list of regulated discoverers within the state. Be sure to check your state`s unclaimed real estate research laws to verify information about discoverers practicing in your state. NOTE: The Unsolicited Real Estate Department does not regulate who may be a Locator in Tennessee.
The Tennessee State Department of Commerce and Insurance, however, operates the Tennessee Private Investigation and Polygraph Commission, which has separate rules. If you are concerned about the validity of something you have received regarding unclaimed real estate in Tennessee, please call us or email us. You can also browse our online database. The Tennessee Private Investigation and Polygraph Commission decided that a locator should be a licensed private investigator. If you are not a licensed private investigator, you should contact their office. Third-party “Discoverers” or “Locators” are persons or businesses that are not related to the State of Tennessee and who attempt to find the unsolicited owner and collect a fee from that owner. An investigator cannot pay more than 10 per cent (10 per cent) 2.2.2 Value of property returned to the owner. The division of unclaimed property requires a certain amount of documents and evidence of ownership of the unclaimed property. External organizations can offer to locate unclaimed real estate for a fee, and understanding the laws and processes around this practice is key. All unused real estate payments are paid directly to the owner/plaintiff.
It is the landlord`s responsibility to recover the owner/plaintiff`s fee. For properties declared to the State of California, owners are NOT required to use an examiner to submit a fee. Sometimes the organization that owns your unclaimed property (z.B. Bank, utility company) hires a third-party supplier to find you before the organization has to transfer the unclaimed property to the state.