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Program Specifics |
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Can you believe the things people forget or lose?
Who had $50 million ticket? Florida's biggest Lotto Loser
"When the clock ticked past 12:01 a.m. Tuesday, time ran out on someone's dream. A $50 million winning lottery ticked bought in North Bay Village on March 12 expired, the largest jackpot in Florida history to go unclaimed..." - The Miami Herald: Charles Rabin - Wednesday, September 10, 2003
$400 billion unclaimed by millions of people nationwide
There is over 400 billion dollars in unclaimed money and property in the U.S. People lose track of funds due to: post office mistakes, misspelled names, business and banks that go bankrupt, unplanned changes of address, marriage breakup, job changes, death, etc. Funds can come from: Death benefits, Tax returns, Uncashed checks, Deposit boxes, Inheritances, Stocks & Bonds, Gift certificates, Insurance benefits, Utility deposits , Lost Inheritances, Tax returns, Paychecks, Bank accounts, HUD Refund, Pensions, and more... If you want to FIND YOUR MONEY FREE use the National Association of Unclaimed Property Administrators.
How our program works
Our program works somewhat similar to your health, auto, or life insurance
How can we afford to pay out the vouchers? Well, how can insurance companies afford to pay for a new car if you wreck yours? In simplistic terms, they collect premiums from everyone being insured, and since not everyone wrecks their car and so they only require enough premiums to pay for the actual eventual claims. Similarly, we collect premiums from the merchants for all rebate vouchers issued knowing many vouchers will not have a valid claim made from them.
We are all human and bound to make mistakes, forget, and lose things
This is a fact of life, but one you can use to your advantage! This ensures that the people who do remember to claim get paid provided they follow all terms and conditions. The money from the people who forget, lose their voucher or paperwork (or fail to follow the terms and conditions) goes to those who remember and submit a valid claim. Just be one of the people who remembers and follows the terms and conditions and you will get paid! You will remember and follow the terms and conditions won't you?
We do our best to inform our voucher holders
We believe in educating our voucher holders so they have the best chance to make a valid claim. At or before the time of sale, your merchant provides you with a brochure explaining our program, a brochure which explains the common reasons some people fail to claim so you can avoid them, and a sample voucher, which is identical to the real one ,and provides you with all the terms and conditions. This website is also designed to provide instructions and education to help you even more.
The Fund
The program is funded by the companies offering the vouchers. Each month we take money from all vouchers issued across the United States and place it in Escrow with Christiana Bank and Trust Co. We also put on file with them a vouchers issued report (Escrow Deposit Report) listing the voucher ID numbers, amounts, and names of the potential claimants. This group of voucher holders and funds is called a "monthly pool". Next, the entire amount deposited is invested in long term U.S. Treasury Bills which are 100% U.S. Government Guaranteed. These funds are held in Escrow for the 47 months at Christiana Bank and Trust Company (click to visit). When people in a specific monthly pool send in their claims, all valid claims are paid out within 4 weeks of the end of that claim month. A report is submitted by the Administrator listing the potential claimants they will issue checks to which is compared to the original report held by the bank, and only then are funds release by the Escrow Agent at Christiana to pay the valid claimants.
The Administrator
National Rebate Fund, Inc. has currently appointed Fund Administrators, L.L.C. as an administrator which receives and processes all registrations and claims according to the Terms and Conditions of the voucher.
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