Finders fees, contracts, and limits
Fees for research and locator services are subject to limits by statute.
Once you have located someone whose name is listed as having unclaimed property, a contract should be executed between yourself and that person. The contract must state that the locator will charge no more than 10% of the value of property recovered or $50, whichever is greater.
All contracts must be approved by the Tennessee Department of Treasury's Unclaimed Property Division, as stated in TCA 66-29-122. Contracts will be reviewed upon submission to the Division (as part of the claims process) for completeness and validity according to the statute.