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Finders (Tennessee Unclaimed Property)
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Fees for research and locator services are subject to limits by statute. The limit is the greater of $50 or 10 percent of the property value.
Once you have located someone whose name is listed as having Unclaimed Property, a contract should be executed between yourself and that person. The contract must state that the locator will charge no more than 10 percent of the recovered property value or $50, whichever is greater.
All contracts must be approved by the Unclaimed Property Division as stated in Tennessee Code Annotated 66-29-122.
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Added: Sun Jun 18 2006
Last Modified: Mon Jul 10 2006
