In New Mexico, state law mandates that various entities, including banks, insurance firms, utilities, and investment companies, must transfer inactive accounts to the state. These funds are categorized as “lost,” “abandoned,” or “unclaimed” property. The Unclaimed Property Unit acts as the guardian of these assets, committed to reuniting them with their rightful owners. If you can establish your claim, the full amount will be returned to you without any charges, regardless of when you file. Until claimed, these funds support New Mexico’s General Fund, benefiting state residents and taxpayers.
To initiate a New Mexico Business Search or individual search for unclaimed property, the official state resource is readily available online.
Visit the official New Mexico Unclaimed Property website: https://nmclaims.unclaimedproperty.com/en/
For detailed information on claim eligibility and direct site access, consult the Filing a Claim section.
Expand Your Search: National Databases for Unclaimed Assets
For a broader search, consider utilizing national databases. Missingmoney.com is a reputable website, endorsed by New Mexico and numerous other states, that aggregates listings of unclaimed property owners. Searching for your property and requesting a claim form through missingmoney.com is entirely free of charge. Follow the website’s instructions to request your claim. If your state isn’t listed on missingmoney.com, seek guidance from that specific state’s unclaimed property office directly.
Access the national database at: http://missingmoney.com/
Explore Federal Unclaimed Assets
Unclaimed assets may also reside at the federal level. The U.S. Department of the Treasury’s Financial Management Service offers a website dedicated to information about unclaimed federal assets. To navigate this resource, visit their site, locate the A to Z Index in the left navigation, click on ‘U’, and then select ‘Unclaimed Assets, FAQ’ for detailed guidance.
Effective Search Strategies
To optimize your New Mexico business search or individual search for unclaimed funds, consider these helpful tips, largely based on recommendations from missingmoney.com:
- You can conduct searches for individuals, family members, or businesses. Individual searches require a last name (current or former) and a first name (full or partial). Family searches can be performed using just a last name. Business searches necessitate entering the business name.
- Anyone can conduct a search; however, only the rightful owner or legal heir can file a claim. Business owners can also file claims on behalf of their businesses. This is particularly relevant for a New Mexico business search.
- For common names, refine your search by including the city and/or state of residence to narrow down results.
- Searching for deceased family members is possible, but only the legitimate heir can claim the property.
For further assistance, contact the New Mexico Unclaimed Property Unit directly at [email protected].
