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Finders (Texas Unclaimed Property)
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Unclaimed property locator, finder, tracer, heirfinder, collector, investigator, researcher, broker, etc.: regardless of the name, you must be licensed by the Texas Department of Public Safety Private Security Bureau if you are going to search for missing owners in Texas. You must also have a current sales tax permit.
Section 74.507 of the Texas Property Code states that one may not contract for or receive from the claimant, an amount in excess of 10% of the value of the abandoned property recovered. If the property involved is mineral proceeds, the fee may not include a portion of the underlying minerals or any production payment, overriding royalty or similar payment.
Hits: 29
Added: Mon Jun 12 2006
Last Modified: Mon Jul 10 2006
