Unclaimed Property in Colorado Key Terms

Learn some of the terms associated with unclaimed property in the state of Colorado

By Jason Wood

When it comes to locating unclaimed property in the state of Colorado, one has to look no further than the treasury office. They are charged with recovering, verifying and returning unclaimed property of all types, including bank accounts, stock certificates, unclaimed refunds, deposits, forgotten paychecks, abandoned real estate and more.

Take the time to learn about some of the terms that are commonly associated with unclaimed property in the state of Colorado so that you can ensure your business follows the proper procedures. Here are some of those terms along with some useful resources to help get you started.

Colorado unclaimed property list

The Colorado Unclaimed Property List is a document published each year that details the people who have unclaimed property being held by the state. Depending on the amount and type of account, some additional information might also be found on that list, such as the company reporting the unclaimed property and amount of money being held.
Try: Visit the website for the Office of the State Treasurer in Colorado for additional information on the unclaimed property list that is generated each year by the state.

Auction calendar

The auction calendar refers to document that details when, where and what items will be auctioned off by a city or Colorado state government. Tangible items such as cars, boats and RVs are auctioned off after being abandoned for a certain amount of time.
Try: Go to the official website for Denver, Colorado for more information and an example of an auction calendar found within the state of Colorado.

Prior notice to owner

The prior notice to owner refers to a notice that must be given by the holder of the property to the rightful owner at their last known address before reporting the unclaimed property to the state of Colorado.
Try: Go to Toolkit.com for additional information on the prior notice to owner and how it must be filed within the state of Colorado.

Holder

The holder refers to the individual, organization or business that is in possession of the unclaimed or abandoned property. It is incumbent upon the holder to follow certain reporting rules to the state of Colorado.
Try: Visit the website for US Legal Law Digest for additional information and further definition of the term holder within the state of Colorado.

Holder reporting

Holder reporting refers to the actual process and procedures the holder must follow in reporting unclaimed property to the state. The rules and regulations are different depending on the nature of the property and how long it has been abandoned. It's best to contact the state of specific guidelines on each type of account.
Try: Go to the official state of Colorado website for additional information on the process of holder reporting and how it must be completed within the state of Colorado.

The Great Colorado Payback Program

The Great Colorado Payback Program is the name of the initiative and program being run by the treasury department in the state that has set out to recover and return unclaimed property. The initiative also helps businesses recognize the duties they must follow when in possession of unclaimed property.
Try: Check out Government Technology for additional information on The Great Colorado Payback Program and where one can find funds.