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Unclaimed Money
The Town of Fuquay-Varina, like other governments, financial institutions, etc., keeps a record of unclaimed money it is holding that belongs to individuals. The Town wants to return this money.
Unclaimed Money FAQs
Balances in closed utility accounts and over payments and leftover deposits for reservation of Parks, Recreation, and Cultural Resources facilities account for most of the money.
If you leave a deposit to reserve a picnic shelter, for example, the Town deposits the money and cuts a new check when the refund is due. If it returns undelivered, the Town adds the check number, name, date, and amount to a list of unclaimed money. The list is updated monthly.
State law requires that government agencies, financial institutions, insurance companies, and other businesses turn over unclaimed money to the state after a certain amount of time.
The state has no time limit for filing claims. It holds unclaimed money in trust for the rightful owners forever.
Visit North Carolina's escheat and unclaimed property website.
Missing or Stolen Property
The Fuquay-Varina Police Department retrieves hundreds of bicycles, tools, stereo components, and other pieces of stolen property each year. Police store the property and try to contact the owners.
Eventually, unclaimed property retrieved by police is destroyed or sold at auction.