Readers of your newspaper should find extra value in reading your paper (Editor, please fill in here “next week” or actual day or date) when the State Treasurer’s Office will publish the names of individuals for whom we received new, unclaimed property money in the preceding year.
The State Treasurer’s Office is holding more than $900 million in unclaimed funds for current and former Louisiana residents. We are responsible for getting this money back into the hands of citizens to whom it belongs. Whether it was 10 days ago, or 10 years ago, this is their money and we will hold it for them until they claim it.
Common examples of unclaimed property include unpaid life insurance benefits, forgotten bank accounts, uncashed payroll checks, stock dividends and utility deposit refunds. When checks are not cashed or accounts go dormant, and the company is unable to locate the owner, the funds are sent to the Treasury for safekeeping.