Many of these state-provided search tools are built to match only the exact search name input. This creates a potential issue with discovery in those instances when unclaimed property assets are listed with a misspelling, abbreviation or acronym. Clerical errors and spelling anomalies of these sorts are among the primary reasons that many business assets are reported as unclaimed property.
The difficulty of locating unclaimed property assets can be matched by the administrative tasks associated with recovering them. For starters, there is no uniform claim form or claim evaluation process across all states. Each jurisdiction may require different supporting documentation in order to substantiate ownership of the property in question. A minor deviation from the requisite process will invariably result in a claim denial.