Under Nevada law, unclaimed money refers to any financial asset that has been inactive or dormant for a period of at least five years. This includes things like uncashed paychecks, interest payments, security deposits, and refunds.
The primary statute governing unclaimed money in Nevada is NRS Chapter 120. This statute sets forth the procedures for reporting and claiming unclaimed money, as well as outlines the penalties for failing to do so.
Persons or entities in possession of unclaimed money in Nevada are required to file a report with the Nevada State Treasurer's Office and turn over said property in a process known as escheatment.