Clearlake Oaks
Unclaimed Property
There are currently 6,466 unclaimed property records worth $777,700 being held for Clearlake Oaks, California residents by the state. Major holders include Waste Connections US Inc with $12,100 and Walmart Stores Inc with $3,300 in unclaimed funds.
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Unclaimed Property in Clearlake Oaks
Clearlake Oaks' substantial unclaimed property holdings reflect the area's history of business closures and population shifts around Clear Lake's tourism industry. The significant amount held by Waste Connections US Inc ($12,100) likely stems from utility deposits and final paychecks when the company consolidated operations, while Walmart's $3,300 represents gift card balances and payroll issues from their local workforce.
Many of these unclaimed funds originate from the seasonal nature of Clear Lake's resort economy, where temporary workers often relocate without updating addresses with employers. The concentration of credit balance accounts receivable (1,108 records) suggests many residents moved away from this Lake County community without settling final utility bills or receiving refunds, particularly common given Clear Lake's role as both a retirement destination and vacation home area.
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Companies Holding Clearlake Oaks Property
These companies hold the most unclaimed property from Clearlake Oaks residents
Frequently Asked Questions
How much unclaimed money is being held for Clearlake Oaks residents?
Currently, $777,700 in unclaimed property across 6,466 records is being held for Clearlake Oaks residents by California's State Controller. The average claim amount is $123.58, with some individual claims worth thousands. This represents only California state records and doesn't include federal agencies or other states where residents may have lived or worked.
Which companies are holding the most unclaimed property from Clearlake Oaks?
The top three holders are Waste Connections US Inc ($12,100), Walmart Stores Inc and Subsidiaries ($3,300), and Merial LLC ($1,900). Waste Connections typically holds unclaimed utility deposits and final paychecks, Walmart commonly has uncashed paychecks and gift card balances, while Merial (a veterinary company) usually holds vendor payments or insurance settlements.
What types of unclaimed property are most common in Clearlake Oaks?
The most common types are Credit Balance Accounts Receivable (1,108 records), which are typically refunds owed by businesses to customers, Premium Refunds (663 records) from insurance overpayments or cancelled policies, and Dividends (640 records) from forgotten stock holdings or mutual fund distributions that were never claimed by shareholders.
How long does it take to claim unclaimed property in California?
Most California unclaimed property claims are processed within 60-90 days after submitting required documentation. Claims under $100 with simple documentation often process faster, while larger claims requiring extensive verification may take longer. While our search is instant, allow adequate time for the state's review process.
Is there a deadline to claim unclaimed property in Clearlake Oaks?
California holds unclaimed property indefinitely with no deadline to claim. However, you should search now because interest-bearing accounts continue growing over time, companies frequently merge or change names making future claims more complex, and inflation gradually reduces your money's purchasing power while it sits unclaimed.
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