Unclaimed property louisiana

Unclaimed property louisiana DEFAULT

La. has nearly $900 million in unclaimed property - How you can find out if some of it is yours

METAIRIE, La. — Louisiana has almost $900 million in unclaimed money and property for some of its current and former residents and they would like to see it get back into your hands.

You can check online at any time to see if you have unclaimed property - most of which results from some agency or entity being unable to locate someone after they change addresses.

For those who need help, State Treasurer John M. Schroder announced that the Department of the Treasury will hold an event at Lakeside Shopping Center this coming Saturday, June 19, from 10 am to 3 p.m.

“We have more than $900 million in Unclaimed Property just waiting to be claimed. The chances are pretty good that you have money in the Louisiana Treasury,” said Treasurer Schroder. “It’s absolutely free to claim this money. Stop by the mall and see if you have Unclaimed Property. This is your money. Claim it!” 

According to Schroder, one in six Louisiana residents has unclaimed property, with an average value to $900.

A quick search on the unclaimed property web site showed many of the items are under $50 or $25, but some people have more than one claim.

A news release from the Louisiana Department of the Treasury stated:  Each year businesses turn over millions of dollars in unclaimed cash, stocks, bonds, securities, and insurance proceeds to the State Treasurer's Office. Known as "Unclaimed Property," these funds include payroll checks, old bank accounts, royalties, utility deposits, interest payments, stock certificates and life insurance proceeds. 

Sours: https://www.wwltv.com/article/money/la-has-nearly-900-million-in-unclaimed-property-how-you-can-find-out-if-some-of-it-is-yours/289-49d478aa-cdb4-4c77-ba6f-9b678979f7f1

The following information is from the Louisiana Treasury office:

State Treasurer John M. Schroder announced today that more than 76,000 people will receive Unclaimed Property checks totaling $16.9 million after the Louisiana Department of Treasury used data matches to update addresses.

“Technology is helping us find more and more people to return Unclaimed Property. We can’t return every single dollar that way, but we can return $16.9 million. These are real checks. All you have to do is check your mailbox,” said Treasurer Schroder. “Unclaimed Property is your money. Claim it!”

Checks went out this week and will be mailed to every parish in the state.

Each year businesses turn over millions of dollars in unclaimed cash, stocks, bonds, securities and insurance proceeds to the State Treasurer’s Office. Known as “Unclaimed Property,” these funds include payroll checks, old bank accounts, royalties, utility deposits, interest payments, stock certificates and life insurance proceeds.

One in six individuals in Louisiana has Unclaimed Property, with claims averaging $900. One of the main reasons an item becomes Unclaimed Property is because of an incorrect or old address.

Copyright 2021Louisiana Treasury Office. All rights reserved.

Sours: https://www.wafb.com/2021/06/11/louisiana-treasury-mailed-169m-unclaimed-property-checks/
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More than 207,000 Louisiana Residents Received an Unclaimed Property Check this Year—the Highest Number of Claims ever Processed in the State's History.

The Department of Treasury set a record this year returning $51.8 million in unclaimed property to more than 207,000 Louisiana residents...and we did so faster than ever before.

How did we do that? Partnering with the the Louisiana Department of Revenue, we passed common sense legislation in 2018 to allow the Department of Revenue and the Department of Treasury to share databases. Integrating innovative technologies into our processes not only allowed us to increase the number of checks sent out by nearly 500%, but we also reduced the administrative cost of issuing each check by 80%.

Statewide, the average check issued from Unclaimed Property to a claimant is $900. Some parishes have more Unclaimed Property than others. To view the average amount of an UCP check issued to claimants in your parish, click on the chart to the right.

Each year businesses turn over millions of dollars in unclaimed cash, stocks, bonds, securities and insurance proceeds to the Department of Treasury. Those funds are called "Unclaimed Property," and become lost through the normal course of business, usually because of a bad address. The Louisiana Department of Treasury is legally required to maintain the funds in safekeeping, no matter how long it takes the rightful owner to come forward.

Talk with the Treasurer below:

Sours: https://stories.opengov.com/latreasurer/published/0USuEvrRt

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Louisiana unclaimed property

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John Schroder, Louisiana State Treasurer, Main Street and unclaimed funds

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