South Dakota state treasurer contacting unclaimed property owners

PIERRE, SD – Be on the look out for a letter from the South Dakota state treasurer. It could be your ticket to unclaimed money.

State Treasurer Rich Sattgast’s office says the Unclaimed Property Division will be sending letters to the potential owners of money and securities recently received by the office.

The letters will be delivered in official envelopes from the state treasurer.

Treasurer Sattgast encourages everyone who receives a letter to view the full information by searching the unclaimed property database.

A claim can be filed using the search and claim feature on the South Dakota State Treasurer’s website. You can also also contact the Unclaimed Property Division by email at [email protected] or by phone at 605-773-3379.

Source: http://www.ksfy.com/content/news/South-Dakota-state-treasurer-contacting-unclaimed-property-owners-467151913.html

Over $585 million in unclaimed property waiting to be claimed in Oklahoma

If someone told you that that there may be free money waiting for you in a vault somewhere, I hope alarm bells would start ringing. They certainly did for me when I discovered the unclaimed property fund.

We live in a scam-ridden society and by this point most folks are aware that anything that sounds too good to be true probably is.

Nigerian prince wants to send you money?

Scam.

You’ve won a foreign lottery you didn’t enter?

Scam.

Want to become a mystery shopper and make big bucks?

Scam.

Advance to “Go” and collect $200?

OK. That last one’s a chance card in Monopoly, but the others are very real scams that have taken many folks for a ride.

All of this is to say that scams are so plentiful, that it’s only natural that we develop a healthy dose of skepticism. But, the state of Oklahoma’s unclaimed property fund is not a scam.

When I discovered the state’s unclaimed property fund I searched for evidence that it was another bogus attempt to fleece the foolish, but after reading an article in The New York Times trumpeting its legitimacy I reached out to the State Treasurer’s office and confirmed that I had in fact found the internet unicorn that is free money.

The unclaimed property fund is a state-by-state repository of unclaimed property that includes everything from deposits and inactive bank accounts to mineral rights, life insurance payments and inheritance.

When someone relocates or there is a break in the communication chain entities are left with money that doesn’t belong to them. They often will try to track down who it belongs to, but they’re not obligated to track you to the ends of the Earth.

So, they often end up turning it over to the state for safe keeping.

According to the state treasurer’s office, over 1 million Oklahomans have unclaimed money waiting for them. How much money? Over $585 million.

According to an article published earlier this year in The New York Times, there is an estimated $43 billion in unclaimed property nationally.

Even with billions of dollars floating in the ether, Tim Allen, Deputy Treasurer for Communications & Program Administration, said it can be hard to convince people that it’s real.

“It seems kind of crazy that there would be an actual state government program that really all we does is give back money to people who have lost track of it,” Allen said. “It doesn’t seem like that’s something the government would typically do, but that’s truly what we do.”

Allen said businesses that lose track have to, by law, turn that money over to the state along with the name and last known address of the people who it belongs to.

“We go about trying to help people get reunited with their money. That’s why we have a website, oktreasure.com, where folks can search for their name, that’s why we publish the latest list of names four times a year. That’s why we run ads on Facebook and Twitter and on television to make folks aware that we have this stuff so we can get their money returned to them.”

The Oklahoma unclaimed property program began in 1967 as a division of the Oklahoma Tax Commission. In 2000, it was transferred to the state treasurer’s office.

“When it got here we were able to increase the amount of money returned each year and we’ve been going gangbusters for the last four years,” Allen said.

In Ken Miller’s second year in office as treasurer in fiscal year 2013, Allen said the department returned a record $18.4 million back to Oklahomans. Then, in fiscal year 2014, the department smashed that record.

“Treasurer Miller is an economist and he had an idea,” Allen said. “In the private sector, if you give your employees an incentive they will perform better. So, under his leadership we started an incentive pay program for the unclaimed property division. The first year we started that program we returned more than $30.1 million.”

Allen said it was coupled with an aggressive marketing push that includes commercials, a social media blitz and the creation of a mascot, Sirius Lee Scisortail.

Allen said those efforts are working.

Due to a large number of recent claims, he said the department has added a night shift to help expedite the process.

“It’s all about awareness,” he said. “Some folks still aren’t aware, but we’re trying hard to make them aware.”

Allen said the largest amount the state ever returned to one person was over $1 million. When the treasury department called the retired Tulsa teacher to give her the good news, she didn’t believe it.

“When she was young, her father bought some stock for her and told her to hang onto it because it might be worth some money someday,” Allen said. “At some point along the way she lost the stock certificates.”

Of course, losing the certificates didn’t invalidate the shares, but the woman forgot about them over time and figured that was that.

“We sent two people out to her house, knocked on her door and said ‘please believe us,’” Allen said. “When we brought a check for her she saw the light.”

Allen said it was a life-changing experience for that woman, and delivering good news to Oklahomans is a rewarding experience.

“It’s a very fun job once you get people to believe that we really are here from the government and we really are here to help,” he said.

To see if you may have money waiting for you, Allen suggests Oklahomans visit oktreasure.com.

Unclaimed property information is also published once a quarter in The Transcript, most recently on Dec. 17.

Allen said claiming the money is usually a simple process and the state treasury is committed to reuniting Oklahomans with their money as fast as possible.

Once ownership is proven and proper paperwork is filed, the state fills applicants in on where the money came from and aims to process claims within 90 days.

“This is a free service,” Allen said. “We don’t charge for this at all. There are places out there that will try to scam you on this thing, but this is not a scam and it is a free service [the state treasury dept.] offers. There is no charge for doing this. They should always go through the state treasurer’s website, oktreasure.com. You click on the ‘enter here’ button and that takes you to the searchable database.”

Source: http://www.normantranscript.com/news/over-million-in-unclaimed-property-waiting-to-be-claimed/article_15a29ace-e4d9-11e7-b41b-cb4dd850ed5a.html

Is the state of Illinois holding your unclaimed money?

Lake County officials are reminding people the Illinois state treasurer’s office is holding $2.5 billion in unclaimed funds for Illinois residents. The state holds these lost funds until they are claimed by the original owner or their heirs. Property is returned at no cost with the proper identification. To see if the state is holding money that belongs to you, go to icash.illinoistreasurer.gov.

Source: http://www.dailyherald.com/news/20171221/is-the-state-holding-your-unclaimed-money

Unclaimed property program returns $313 million to Florida residents

TALLAHASSEE, Fla. — Chief Financial Officer Jimmy Patronis announced Tuesday that the Florida Division of Unclaimed Property returned $313 million during the 2016-2017 fiscal year, the highest figure in the program’s history.

Patronis says more than 513,000 individual claims were paid throughout the year, and nearly five million claims have been paid since the program began in 1961.

One in five Floridians has an unclaimed account in their name.

“It’s easier than it might seem to lose track of an account, and I want all Floridians to know that we’re working to return their hard-earned funds back to them,” said Patronis.

By law, most businesses are required to turn over dormant or abandoned accounts to the Division after a period of no communication with the account holder.

The most common types of unclaimed property are dormant accounts from financial institutions, insurance and utility companies, and securities and trust holdings. Unclaimed property also includes physical assets such as jewelry, coins, stamps, historical artifacts, and other items found in abandoned safe deposit boxes.

To search for unclaimed property or to claim an account, call 1-88-VALUABLE or click here.

Below is a list of every Florida county, and how much money is unclaimed in each.

• Alachua – $18,964,112.07
• Baker – $701,191.36
• Bay – $10,176,865.55
• Bradford – $2,196,226.75
• Brevard – $39,940,749.66
• Broward – $252,206,531.99
• Calhoun – $1,123,201.33
• Charlotte – $16,528,434.99
• Citrus – $9,698,233.10
• Clay – $12,307,944.92
• Collier – $28,381,887.88
• Columbia – $4,071,332.01
• DeSoto – $2,323,880.30
• Dixie – $622,569.32
• Duval – $85,966,945.50
• Escambia – $20,926,994.44
• Flagler – $8,638,308.14
• Franklin – $739,878.39
• Gadsden – $2,124,644.09
• Gilchrist – $1,775,931.06
• Glades – $2,864,073.72
• Gulf – $560,916.12
• Hamilton – $1,485,152.10
• Hardee – $2,853,981.55
• Hendry – $3,495,260.34
• Hernando – $10,281,696.91
• Highlands – $8,867,015.05
• Hillsborough – $118,551,603.61
• Holmes – $807,810.80
• Indian River – $12,344,037.85
• Jackson – $2,557,322.43
• Jefferson – $3,959,800.56
• Lafayette – $449,184.24
• Lake – $22,250,886.85
• Lee – $49,487,037.59
• Leon – $20,748,081.17
• Levy – $3,116,930.81
• Liberty – $1,152,593.02
• Madison – $865,293.57
• Manatee – $27,481,198.26
• Marion – $19,986,859.15
• Martin – $23,056,391.75
• Miami-Dade – $398,754,584.70
• Monroe – $10,260,533.94
• Nassau – $3,833,687.84
• Okaloosa – $12,934,732.53
• Okeechobee – $2,345,283.45
• Orange – $109,744,548.64
• Osceola – $17,775,715.59
• Palm Beach – $166,643,745.77
• Pasco – $37,536,893.18
• Pinellas – $99,519,671.74
• Polk – $40, 518,304.15
• Putnam – $6,876,992.37
• Santa Rosa – $7,340,802.63
• Sarasota – $39,822,657.86
• Seminole – $41,467,577.45
• St. Johns – $14,207,467.00
• St. Lucie – $24,408,083.23
• Sumter – $8,717,764.12
• Suwannee – $2,590,931.33
• Taylor – $864,168.57
• Union – $399,219.61
• Volusia – $38,961,025.24
• Wakulla – $864,863.80
• Walton – $8,261,564.58
• Washington – $1,791,837.89

Source: http://www.wctv.tv/content/news/Unclaimed-property-program-returns-313-million-to-Florida-residents–434017823.html

Missing out on money? Georgians reap $6.6 million in lost insurance policies

Nearly 600 Georgians have pocketed cash they didn’t know was theirs.

Over the first 12 months of the Life Insurance Policy Locator app, more than $6.6 million has been paid out to Peach State beneficiaries.

According to a release from Georgia Insurance Commissioner Ralph Hudgens, 589 Georgia beneficiaries found lost or misplaced insurance policies or annuities since the app launched last December.

“The response from this application has been tremendous. I encourage everyone to log in to see if they have unclaimed money left to them from a deceased family member or loved one,” Hudgens stated in the statement.
More than 3,300 people searched for Georgia policies on the app that matched 8,210 beneficiaries with more than $92 million.

“There are many Georgians who don’t know where to begin when searching for a lost life insurance policy,” Deputy Insurance Commissioner Jay Florence said in the release.

An estimated $1 billion in benefits are unclaimed, according to Consumer Reports.

For more information log onto https://eapps.naic.org.

Source: http://www.macon.com/news/local/article189692154.html

State of Oregon can ‘show you the money’ – yours – online

SALEM, Ore. – Your money may be sitting in Oregon’s capital city, waiting for you to claim it.

“It’s kind of a giant lost and found, with monetary assets,” said Department of State Lands Program Manager Patrick Tate.

That lost and found is better known as the Department of State Lands in Salem.

“You think, ‘Well, who is going to forget their money? I have a good idea of where my money is I think,'” Tate said.

So, what is unclaimed money?

“These are funds that for whatever reason didn’t connect up,” Tate said. “For instance, I bought a refrigerator and the rebate never came, or it went to the old address because we were moving to a new address. There is a one in four chance you will find yourself, or a loved one, if you go out and search on our site.”

Tate said $22 million in unclaimed funds sit in the Department of State Lands. So if it isn’t claimed, where does it go?

“The benefit for the state is that the funds that come in are invested for the Common School fund, and the interest made goes into K-12 schools,” Tate said.

Last year, Bend La-Pine Schools received more than $764,000 while the Redmond School District received more than $319,000, and the Sisters School District got over $49,000s.

While Tate said most individuals who find their name have on average only $50 or less waiting,  it’s still no throwaway amount.

“Maybe use that money to go to a dinner they wouldn’t have gone to otherwise, or maybe pick up movie tickets or go to the theater,” he said. “And all of those transactions help build the economy. You’re going to help Oregon and keep the economy going.”

Tate said the department state lands receives 200,000 new accounts every year, so if you have checked before, it doesn’t hurt to check again.

“So even though you could have checked recently and thought, ‘There is nothing there for me,’ each year we get a bunch of new items, so you never know,” he said.

To find out if you have unclaimed property, Please visit OregonUp.us.

Source: http://www.ktvz.com/news/special-reports/state-can-show-you-the-money-yours-online/69120634

Rep. Casimiro joins Treasurer Magaziner to announce launch of ‘YOUR MONEY’ program that will automatically return unclaimed property to Rhode Islanders

STATE HOUSE – Rep. Julie A. Casimiro (D-Dist. 31, North Kingstown, Exeter) joined General Treasurer Seth Magaziner at a press conference today to announce the launch of the “YOUR MONEY” program which will match unclaimed property with known addresses so money can be returned automatically. In the past, residents have had to check the State’s database to see if they have unclaimed property and then submit a claim.

The program was made possible through legislation (2017-H 5743) introduced by Representative Casimiro, in cooperation with General Treasurer Seth Magaziner, which makes it easier for Treasury to return unclaimed property to Rhode Islanders through more efficient communication between state agencies.  The bill was signed into law earlier this year.

“More than 300,000 Rhode Islanders have unclaimed property, and most don’t even realize it,” said Representative Casimiro. “This program will see Rhode Islanders’ rightful money returned to them without the hassle of searching a data base and filling out forms.  This is a state-of-the-art program that will ultimately see millions of dollars be returned to the pockets of our state’s residents where it belongs.”

Every year Treasury recovers unclaimed cash and assets from businesses, banks, securities, bank accounts, safety deposit boxes, and utility deposits. The property is kept safe until it can be returned to its rightful owner. In 2016, the Unclaimed Property program returned more than $12.8 million on more than 8,000 claims, yet there are currently more than 425,000 properties available for claim worth more than $325 million.

In addition to helping to return more Unclaimed Property, the legislation also allows Treasury, and the Employees’ Retirement System of Rhode Island to collaborate with other state departments where data sharing can provide additional or more updated information on individuals already in Treasury’s databases. This information can improve the speed and accuracy of identity verification for payment processing and will also allow the Retirement Board to more effectively manage post-retirement employment compliance.

Source: http://www.rilin.state.ri.us/pressrelease/_layouts/RIL.PressRelease.ListStructure/Forms/DisplayForm.aspx?List=c8baae31-3c10-431c-8dcd-9dbbe21ce3e9&ID=13290

State warns Vermonters against unclaimed property scams

Vermont Attorney General TJ Donovan and State Treasurer Beth Pearce are warning citizens about phone solicitations and websites that falsely claim citizens must pay a fee to locate and retrieve unclaimed property. Vermont citizens are advised to search the State’s free unclaimed property database before accepting services from other entities. In recent days, several Vermont residents have reported that for-profit enterprises have contacted them by phone, letter or email offering unclaimed property search services for an upfront fee. “Unclaimed property” describes assets like uncashed checks, lost valuables, forgotten security deposits, misplaced insurance policies, investments or estates.

The Vermont State Treasurer’s Office maintains a database of unclaimed property. The Treasurer’s Office’s unclaimed property program is a consumer protection initiative to benefit all citizens. No commissions or fees are charged through this free service. Vermonters can easily search the State unclaimed property database by visiting the Vermont government website here or by calling 1-800-642-3191.

With over $80 million waiting to be claimed in Vermont alone, Attorney General Donovan and Treasurer Pearce urge Vermonters to first check with the Treasurer’s Office’s Unclaimed Property Division before pursuing other search options. Further, the Attorney General and Treasurer remind Vermonters that any unclaimed property service provider operating in the state must be registered with the Treasurer’s Office.

If you have questions about a solicitation or want to learn more, contact the Treasurer’s Office’s Unclaimed Property Division by visiting MissingMoney.Vermont.gov or calling 1-800-642-3191. If you have questions about how to identify a scam and how to protect yourself, contact the Attorney General’s Consumer Assistance Program (CAP) at 1-800-649-2424 or visit CAP online at consumer.vermont.gov(link is external).

Source: http://www.vermontbiz.com/news/2017/november/16/state-warns-vermonters-against-unclaimed-property-scams

These 75 southern Idahoans have unclaimed property worth more than $100

Susan Orison of Bellevue and Larry Gauger of Gooding have unclaimed property. It’s money in some form, and the state wants to give it back.

The Idaho Treasurer’s Office provided this sampling of 75 people with unclaimed property valued at more than $100 whose last known addresses are in southern Idaho. To check for your name, visit yourmoney.idaho.gov or call 877-388-2942 or 208-332-2942.

BELLEVUE

Robert L Jones

Jane Judge

Love Linda Kimbell

Susan Orison

Louise D Pulliam

Lorena Rangel

Salesforce Com Inc

BUHL

Elma Glenn

Floyd Haney

Sherron L Morgan

Denise Servin

Robert Watt

Faye E Whitmore

BURLEY

Laurie S Brase

Rodney J Brase

Clayton Dale Ellis

Estate Of Jeppesen Phyllis

Luz E Guerrero

Cooper Jason

Phyllis Meireis

Brock E Page

Verna E Page

Richardo Rangel

Jesse Seiber

Delfino Villalobos

GOODING

Kenneth C Cunningham

Sherry J Cunningham

Larry Gauger

Velasco Reynaldo Gordillo

Harvey C Iverson

Gabriel Jimenz

Ilse Leal Martinez

Ruby E Royse

HAGERMAN

David E Fish

HAILEY

Corinne Bise

Anton A Bodner

Kenny Demeurichy

Suzanne K Grant

Dan Griffis

Robert L Jensen

Steven R Lawley

Yvonne Alee Marsters

HEYBURN

Jeanne Jensen

JEROME

Roy Climer

Cheryl J Davis

James W Davis

David A Fansler

Shane Griner

Dayze Hayzey

Jerry B Knudson

Harry Kreefer

Joseph I Schallberger

Ana Delia Soria

Chris Stevenson

Peter Strouse

Diana L Suter

KETCHUM

Stephen K Boone

Marybeth Flower

Lopez Guadalupe

Annette Korobkin

Dana Vallely

Veltex Market

TWIN FALLS

Fernetta M Adam

Bradley S Brann

Engineering PLLC Brockway

Marie E Jt Burnett

Kobe Coronado

Schana W Gearing

Haylee Gladeau

Craig D Holman

Jeff Humphrey

Oren B Hutton

Vada Juker

Elizabeth Kerlin

Julie A Mahler

‘Your Money’ program reunites man with $12,000 in unclaimed property in Rhode Island

PROVIDENCE, R.I. — With the state of Rhode Island in possession of millions of dollars worth of unclaimed property, General Treasurer Seth Magaziner’s office has been sending out checks to residents worth an average of about $250.

But for one man – the check was worth more than he could’ve ever imagined.

“Emmanuel came into our office, he said that he had hit on tough times,” Magaziner said Monday.

According to Magaziner, Emmanuel was a member of a credit union that closed down.

“He had over $12,000 in that credit union,” Magaziner said. “He didn’t know where it was, or how to get to it.”

Little did Emmanuel know, all of that money was on its way back to him thanks to Magaziner’s “Your Money” program, which aims to reunite Rhode Islanders with their unclaimed property. The treasurer’s office plans to send out approximately 35,000 checks totaling $10 million by the end of the year.

Unclaimed property can include money left in old bank accounts and safe deposit boxes, uncashed paychecks, unreturned utility deposits and uncollected insurance payments, just to name a few.

“They don’t just get to keep your money, they have to turn it into the state that you’re in,” Magaziner added.

Magaziner said that statistics show one in five Rhode Islanders have unclaimed property and some, like Emmanuel, are receiving checks worth upwards of tens of thousands of dollars.

“When Emmanuel was in our office he was very excited that we had his missing money,” Magaziner said. “And we know that there are thousands of Rhode Islanders just like him.”

If the state can find an address for someone owed money, a check will be sent automatically. Those without an address on file will have to file a claim.

Unclaimed property never expires and next of kin is eligible to claim money owed to a deceased relative.

The state recommends checking the state’s website here to see if you are missing any money.

Source: http://wpri.com/2017/12/18/your-money-program-reunites-man-with-12000-in-unclaimed-property/