Unclaimed money for auto dealers and repair shops

Updated

At least 94 California businesses whose names mark them as auto dealers and repair shops are each owed $10,000 or more by the State Controller, $2.3 million in total. The median owner is owed $15,011 (all business-type owners: $18,087).

What these businesses are owed

Largest property types, auto dealers and repair shops owed $10,000+
Property typeAmountWhat it usually is
Individual insurance policy benefits$408kbenefits or claim payments under an individual insurance policy
Bank-issued checks$333kchecks issued by a bank on its own account that were never cashed
Underlying shares$321kthe shares themselves, not just their dividends, after the account went dormant
Accounts payable$258kpayments a company owed a supplier (accounts payable) that never got through, where the supplier is the owner
Cashier's checks$146kcashier's checks bought from a bank and never cashed by the payee

Why it happens in this line of business

Insurance claim checks, bank-issued checks and refunds tied to vehicles and customers can go astray.

55% of these owners have two or more records, so searching every former name, DBA and address matters.

Claiming it

The claim follows the standard business process: an authorized person signs the Controller's form in wet ink (notarized for $1,000+ in cash or any securities), with proof of authority, the FEIN and the reported address. We assemble and file it for 10% of what the state pays, after payment.

Industry is inferred from words in the owner's name, so these counts are a floor: many businesses in this industry have names that do not show it. Source: California State Controller unclaimed property file, records of $500 and up, dated November 4, 2026. Open records only (no claim pending or paid), owner address in California, owner = name + ZIP code, business-type names only, government names removed, owners whose records total $10,000 or more. RecoverOwed computation; classifying owners by name pattern is approximate. No individual owner is named on this site.

Sources

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