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Finders (Oregon Unclaimed Property)
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For FAQs regarding Oregon unclaimed property finders, see the following link:
http://www.oregon.gov/DSL/UP/upfinders.shtml
As of October 1998, all finders must be licensed with the Oregon Board of Investigators in compliance with the requirements of ORS 703.401-703.470. Finders must forward a copy of their current license issued by the Board with their initial Power of Attorney. Subsequent claims filed by Finders must include the current license number on the Power of Attorney.
Contact the Board of Investigators at http://www.oregon.gov/OBI/index.shtml, call (503) 731-4359 or write to 800 NE Oregon #33, Portland OR 97232 for licensing requirements and information before purchasing an heirfinder list.
In order for you to act on behalf of an owner of an account which has been unclaimed or abandoned, you must obtain written, notarized authorization from the owner. This form of authorization is a "power of attorney." In all cases, the claimant must sign the claim form submitted to the Department to recover any unclaimed funds.
Do not state to a claimant that the finder fee you charge is consistent with Oregon law and do not indicate you are an agent of the State of Oregon. This could be misleading because Oregon law does not restrict or prohibit the assessment of finder fees, nor are you working for the State of Oregon.
Hits: 7
Added: Sat Jun 17 2006
Last Modified: Mon Jul 10 2006
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