Ivey Denounces Bounty Hunters

By  | 

State Treasurer Kay Ivey is denouncing "bounty hunters" of an unusual sort. Ivey says her office has received complaints from Alabamians who say they've been contacted by heirs finders offering to locate abandoned property in their names.

Ivey says those bounty hunters charge finders fees up to 35-percent to locate the assets. She said her office will perform the same duties, free-of-charge.

Ivey said the Unclaimed Property Enhancement Act passed in May also works to protect people who have contracts with bounty hunters and money finders by giving them time to void the contracts.