Office of Program Policy Analysis and Government Accountability
Office of Program Policy Analysis and Government Accountability

Progress Report: Unclaimed Property Program's Alternative Owner Notification Means Is Cost-Effective

Report 99-13, November 1999




Report Summary

  • The unclaimed property program's efforts to identify owners through database matching and then notify them of their unclaimed property through direct mail appears to have saved approximately $99,000 during Fiscal Year 1998-99.
  • However, the department has not developed an accurate means of tracking the cost and effectiveness of each notification method it uses.
  • The Legislature has not amended the law to protect owners of unclaimed property from paying unnecessary fees for heir finder agreements.


Related Reports
  1. No Title
    Report 97-24
Copies of this report in print or alternate accessible format may be obtained by email OPPAGA@oppaga.fl.gov, telephone (850) 488-0021, or mail 111 W. Madison St., Room 312 Tallahassee, FL 32399-1475.
Copies of this report in print or alternate accessible format may be obtained by email OPPAGA@oppaga.fl.gov, telephone (850) 488-0021, or mail 111 W. Madison St., Room 312 Tallahassee, FL 32399-1475.
consumer protection, insurance, consumer protection and insurance, abandoned property, banks, banking, credit unions, financial institutions, insurance, privatization, school finance, securities, senior citizens