Fee finders or heir finders are people who have, through public information laws, obtained a list of owner names (individuals and businesses) who have unclaimed property being held by the State of Alaska. There are no special requirements or licenses needed in the State of Alaska. (Some states require bonding or an investigator license.)
If you have been contacted by a fee finder, you should attempt to locate your property on your own before signing a contract.
There is no fee to claim your property or to use the website missingmoney.com. A fee finder is not needed to claim your property. Claiming your property is easy and very straight forward. The Department of Revenue works directly with YOU, the unclaimed property owner, to process claims. An owner of unclaimed property may be asked to provide documentation or information such as current, and former addresses, phone number, birth date, etc. These are needed to verify we are returning property to the rightful owner.
The State of Alaska's Unclaimed Property Act has a provision that addresses fee finders' contract conditions and allowable fees.
A contract must
The fee or compensation must not exceed the following:
A contract that exceeds the above limits, or does not meet the statutory guidelines, is unenforceable.
Any collection and payment disputes are limited to the contractual parties.
The Department of Revenue works directly with the owner to process their claim. The Department will not disclose nor discuss a claim with a fee finder. Misrepresenting, or impersonating an owner may be punishable by law.
Sec. 11.56.210. Unsworn falsification.
Periodically, the State of Alaska compiles a list of unclaimed property with a value of $100 or more. The list is available at no charge. To download the list you'll need two files:
If you have any problems, questions and/or comments about downloading, installing or using this software please refer to the README.DOC.