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Home > Unclaimed Property > Multistate Unclaimed Property > FAQs (Multistate Unclaimed Property) > Frequently Asked Questions (Virginia Unclaimed Property)

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Frequently Asked Questions (Virginia Unclaimed Property) (Visit this siteExternal Link to Frequently Asked Questions (Virginia Unclaimed Property))

Virginia Unclaimed Property Questions and Answers

What Is Unclaimed Property?

How Does Property Become "Unclaimed"?

Why Does Virginia Have Such A Law?

Who Administers The Law?

What Attempts Are Made To Find The Rightful Owners?

Why Does The State Have To Get Involved?

What Does The State Do With This Money?

What Is The Literary Fund?

Does The State Simply Go In And Take The Money?

How Long Are The Dormancy Periods?

Why Do The Holding Periods Keep Decreasing?

Is Anything Involved Besides Money?

If You Cannot Find The Owners, Does That Mean They Lose Their Money?

What Institutions Are Governed By This Law?

How Often Are Businesses Required To Report Unclaimed Property?

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Added: Tue Jun 20 2006
Last Modified: Fri Oct 09 2009

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