Unclaimed money in Minnesota
by Eric F
Good afternoon Mark; I sent you a question quite awhile ago about handling clients that won't pay you. You mentioned in your response that Mn requires that you have a P.I. License to find unclaimed Mn money. I have looked at Minnesota's unclaimed money laws,and can't find anything about having to be a P.I. Will you kind enough to tell me the site to go to that states this law. P.S. I love your website. It's been very helpful for my Company. Great Job!  From Mark Eric, thanks for the compliment, I appreciate it. Regarding Minnesota, yes, they do not mention having to be a private investigator on their unclaimed money statutes. It comes from their office directly. They say the statutes are just a starting point. You can read the whole form from their office here, but here is the most important paragraph : "At its meeting on April 28, 1988, the Board determined that persons engaged in the business of locating unclaimed or abandoned funds for a fee within the State of Minnesota are engaged in the business of a private detective as defined by Minnesota Statute ยง 326.338, and must be licensed as a private detective by the Board." I hope this helps. |
