What to Do if You Find Cash?
Legal Obligations
When you find cash, it is not legally yours. It still belongs to its rightful owner. Most states and local laws require individuals who find property or cash to make reasonable efforts to locate the owner. Failure to do so may result in criminal charges such as theft or larceny.
Reasonable Efforts to Find the Owner
Reasonable efforts to find the owner may include asking people nearby if they dropped any cash, checking for identification in a wallet, or contacting the non-emergency line for the police.
Penalties for Keeping Cash Without Trying to Find the Owner
Penalties for keeping lost property without making reasonable efforts to find the owner vary by state. In some states, keeping a significant amount of money without attempting to find the owner can result in felony theft charges.
Reporting to the Police
In many cases, it is advisable to report found money to the police or local authorities. They can help track down the rightful owner and ensure proper handling of the situation.
Sources
FAQs
What should I do if I find cash?
If you find cash, you should make reasonable efforts to find the owner. This may include asking people nearby if they dropped any cash, checking for identification in a wallet, or contacting the non-emergency line for the police.
Is it illegal to keep found cash?
Yes, it can be illegal to keep found cash if you do not make reasonable efforts to find the owner. In some states, keeping a significant amount of money without attempting to find the owner can result in felony theft charges.
What are the penalties for keeping found cash without trying to find the owner?
The penalties for keeping found cash without trying to find the owner vary by state. In some states, you may be charged with a misdemeanor and face fines or jail time. In other states, you may be charged with a felony and face more severe penalties.
Should I report found cash to the police?
In many cases, it is advisable to report found cash to the police or local authorities. They can help track down the rightful owner and ensure proper handling of the situation.
What if I can’t find the owner of the cash?
If you cannot find the owner of the cash, you should turn it over to the police or local authorities. They will attempt to locate the owner and return the cash to them.
What if the amount of cash I found is small?
Even if the amount of cash you found is small, it is still important to make reasonable efforts to find the owner. You can ask people nearby if they dropped any cash or turn it over to the police.
What if I find a wallet with cash and identification?
If you find a wallet with cash and identification, you should make every effort to return it to the owner. You can try contacting the owner directly or turning it over to the police.