Kansas Unclaimed Money Finder

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The laws to become a Kansas unclaimed money finder are pretty straightforward. They limit the fee to 15%, which is better than the 10% of most states.

The below information is taken from the Kansas Unclaimed Property Act. It relates to Kansas Unclaimed Money Finders. The rest of the Act deals with unclaimed money in Kansas, but this is the only real chapter related to finders. That's a good thing. The less regulations, the better!

58-3968Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 39.--DISPOSITION OF UNCLAIMED PROPERTY ACT

58-3968. Agreement to locate reported property. (a) All agreements to pay compensation to recover or assist in the recovery of property reported under K.S.A. 58-3950, and amendments thereto, made within 24 months after the date payment or delivery is made under K.S.A. 58-3952, and amendments thereto, are unenforceable.

(b) All agreements to pay compensation to recover or assist in the recovery of property reported under K.S.A. 58-3950, and amendments thereto, made more than 24 months after the date payment or delivery is made under K.S.A. 58-3952, and amendments thereto, are unenforceable if the fee or compensation agreed upon is in excess of 15% of the value of the recoverable property. The administrator may require a third party seeking information concerning unclaimed property held for an apparent owner to provide a copy of an agreement signed by the claimant before releasing any information to the third party.

(c) State warrants that may be issued in payment for and redemption of recoverable property may be issued, in the discretion of the administrator, directly to the rightful owners or, as fiduciary of the estate of a deceased owner, to an heir or legatee, and not to a named attorney in fact, agent, assignee or other person regardless of written instructions to the contrary. History: L. 1994, ch. 8, § 35; L. 2000, ch. 125, § 9; Apr. 27.

That's it. Basically, you cannot recover unclaimed money in Kansas that has not been held for more than 24 months by the state and you cannot charge more than 15% for your recovery fee.

If you want to go to the Kansas Unclaimed Money website please click here.

If you would like to learn more about becoming an Unclaimed Money Finder please click here

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SBI!

This is a great kit! Just what I was looking for!
Deanna J.