Finding unclaimed property or money belonging to your business in New Mexico is easier than you think. The state holds onto these forgotten assets, often from dormant accounts, until the rightful owners claim them. This guide provides resources and tips for conducting a successful business search.
How to Search for Unclaimed Business Property in New Mexico
The State of New Mexico requires banks, insurance companies, utilities, and other businesses to report inactive accounts. These unclaimed funds are held by the Unclaimed Property Unit until claimed by their owners. The state uses these funds for the General Fund until they are claimed. Thankfully, retrieving these assets is a straightforward process.
Using the New Mexico State Website
The official website for searching unclaimed property in New Mexico is the starting point for your search. Simply navigate to https://nmclaims.unclaimedproperty.com/en/ and enter your business name. Detailed instructions and eligibility requirements can be found on the Filing a Claim page.
Conducting a National Search
Missingmoney.com, authorized by New Mexico and other participating states, offers a broader search across multiple jurisdictions. This free service allows you to search for unclaimed property nationwide. Follow the instructions on missingmoney.com to file a claim. If your state isn’t listed, contact the unclaimed property office directly.
Searching Federal Databases
Unclaimed federal assets, such as tax refunds or uncashed savings bonds, can be located through the U.S. Department of the Treasury’s website. Navigate to their Financial Management Service site and use the A to Z index to find information under “Unclaimed Assets, FAQ.”
Tips for a Successful Business Search New Mexico
While the search process is relatively simple, these tips can help optimize your efforts:
- Accurate Business Name: Ensure you use the exact registered business name when searching. Variations or abbreviations may yield no results.
- Previous Business Names: If your business operated under a different name in the past, search using those names as well.
- Dissolved Businesses: Even if your business is dissolved, unclaimed property may still be associated with it. Conduct a search regardless of the business’s current status.
- Thorough Review: Carefully examine all search results. Even small amounts can add up.
Conclusion
Conducting a business search in New Mexico for unclaimed property is a worthwhile endeavor. Utilizing the available resources and following these tips can help reunite your business with its rightful assets. Don’t hesitate to contact the New Mexico Unclaimed Property Unit at [email protected] for assistance.
