Detailed Answer
If you file a claim for property reported to the State of North Dakota and that claim enters the post-report waiting period, here is what typically happens afterward under North Dakota law and administrative practice.
1. Treasurer’s review and verification
After the 90-day waiting period, the North Dakota State Treasurer’s Office (the office that administers unclaimed property in North Dakota) proceeds with a verification and payment workflow. The office reviews the documentation you submitted, compares it with the records it received from the holder (bank, business, etc.), and verifies the claimant’s identity and entitlement. The Treasurer’s unclaimed property program explains the overall process on its website: https://www.treasurer.nd.gov/unclaimed-property.
2. Payment or additional documentation request
If the Treasurer’s records match your proof (for example, valid photo ID, account records, or proof of relationship for an heir), the office will authorize payment. Payment is usually issued by check or electronic transfer, depending on the office’s current practices and whether the claimant provided direct-deposit information.
If the Treasurer needs more information or if documents do not match, the office will contact you and request additional proof. Common documentation requests include a certified copy of a death certificate (for heirs), court documents showing probate appointment or letters testamentary, proof of a name change, or additional financial records that tie you to the account.
3. Handling disputes and third-party objections
If a holder or another party disputes your claim during or after the 90-day period, the Treasurer’s office will investigate the dispute. That investigation can delay payment while the office gathers evidence and attempts to resolve competing claims. If the claim cannot be resolved administratively, the office may direct parties to pursue judicial resolution in North Dakota district court.
4. Denials and appeals
If the Treasurer denies the claim because of insufficient proof or conflicting records, you typically receive a written explanation and instructions about next steps. You can provide additional documents to reopen consideration. If the dispute continues, you may have the right to seek review through administrative appeals procedures or by filing a civil action in North Dakota district court. The North Dakota Century Code governs unclaimed property generally; see the state code chapter on unclaimed property for statutory authority: https://www.legis.nd.gov/cencode/t47c30.
5. Timing and practical expectations
There is no guaranteed single timeline after the 90 days because each claim’s complexity differs. Simple claims with clear documentation are often paid within weeks after verification. Complex claims, disputed claims, or claims requiring court documents can take months. If the Treasurer requests additional documents, respond promptly to avoid further delay.
6. Payment amount, taxes, and reporting
The state pays the amount it received from the holder (cash or marketable instruments) minus any authorized administrative offsets. North Dakota generally does not add interest to unclaimed property funds once escheated, but policies may vary by property type. For large cash payments, the Treasurer’s office or the payer may issue tax forms (for example, an IRS Form 1099) when required; consult a tax professional about reporting obligations.
Example scenario
Hypothetical: Jane finds a report showing a $2,500 dormant savings account escheated to North Dakota. She files an online claim and uploads ID and an old bank statement. After the 90-day waiting period, the Treasurer verifies the bank’s report and Jane’s documents, confirms the account balance, and mails her a check. If the bank later contests the claim, payment might be paused while the Treasurer investigates.
Helpful Hints
- Start with the Treasurer’s unclaimed property portal: North Dakota Unclaimed Property. It lists forms, submission instructions, and contact info.
- Submit clear, matching identification and ownership documents. Common items: government photo ID, recent utility bill or bank statement showing your name and address, birth or marriage certificate for name changes, and certified copies of death certificates or probate documents for heirs.
- If you have a name change (marriage, divorce, or court order), include certified proof of that change to speed verification.
- Keep copies of everything you send. If the Treasurer requests more proof, provide it quickly to avoid delays.
- If a claim is denied, ask for a written reason and specific instructions about what evidence would change the outcome.
- For contested claims, consider discussing options with a lawyer experienced in North Dakota unclaimed property matters or filing documents in district court if administrative remedies are exhausted.
- Be cautious of third-party “finders.” The Treasurer’s office permits third-party filers in some situations, but understand any fees and get fee agreements in writing.
Where to find official rules and more information
The North Dakota Century Code contains the statutory framework for unclaimed property. See the relevant chapter on the state legislature’s website: https://www.legis.nd.gov/cencode/t47c30. For program procedures, claim forms, and contact information, use the State Treasurer’s unclaimed property page: https://www.treasurer.nd.gov/unclaimed-property.
Disclaimer: This post provides general information about North Dakota unclaimed property procedures and is not legal advice. For advice about a specific claim or legal rights, consult a licensed attorney or contact the North Dakota State Treasurer’s Office directly.