GovRecover Praises Policy Shift That Removes a Major Barrier for Americans Seeking Dormant Funds
ATLANTA, GA / ACCESS Newswire / May 12, 2025 / In a welcome move for everyday Americans, several state governments have announced they will no longer require proof of Social Security numbers when filing unclaimed asset claims. GovRecover, a licensed unclaimed asset recovery service, applauds this policy change as a critical step toward making the process more accessible-especially for the many individuals who previously balked at sharing such sensitive information.
"Asking for a Social Security number up front was one of the biggest deterrents keeping people from reclaiming money they didn't even know they had," said Ricky Maldonado, Co-Founder of GovRecover. "By removing that hurdle, states are opening the door for thousands more citizens to safely and confidently recover their lost assets."
How SSN Requirements Kept Money Dormant
Privacy Concerns: Many potential claimants feared identity theft or data misuse, leading them to abandon claims altogether.
Technical Friction: Obtaining and uploading certified SSN documentation added weeks-or even months-to an already complex process.
Awareness Gap: Consumers unaware of alternate verification methods often assumed they couldn't proceed without an SSN, leaving funds untouched.
"Even people who were aware of unclaimed assets often gave up when confronted with SSN rules," Maldonado added. "This policy shift addresses a key pain point and should result in a significant uptick in successful recoveries."
GovRecover's Role Moving Forward
With SSN proof no longer a requirement in these states, GovRecover is:
Updating Its Platform: Streamlining claim flows to reflect the new, lighter documentation standards.
Educating Consumers: Rolling out guides and webinars to explain the change and show how to file claims without an SSN.
Collaborating with Agencies: Working directly with state unclaimed property offices to ensure smooth implementation and promote awareness.
"Our goal is to make reclaiming unclaimed assets as simple as possible," said Maldonado. "We're ready to help anyone who thought 'Is GovRecover legit?' or 'This process is too invasive' by guiding them through a faster, safer path to their money."
About GovRecover
GovRecover is a licensed, tech-driven unclaimed asset recovery service dedicated to helping individuals across the United States reclaim dormant bank accounts, unpaid insurance policies, and other overlooked funds. By combining advanced technology, rigorous data protection, and a no-upfront-fee model, GovRecover delivers a secure, user-friendly solution-proving that reclaiming lost money can be both legitimate and straightforward. For more information, visit GovRecover.org.
Contact: Ricky Maldonado, Co-Founder
Email: media@govrecover.org
Phone: 6785510236
Location: Atlanta, Georgia
SOURCE: govrecover
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/business-and-professional-services/state-unclaimed-property-divisions-move-to-eliminate-ssn-verific-1026866
