State Treasury Office returning more than $4M for unclaimed property

By T. Scott Boatright

Unlike much of what goes on these days, this one is no scam — parish residents, as well as family and friends living in Louisiana, might want to keep on eye on their mailbox this week because the state Treasury’s Office is sending out thousands of checks from unclaimed property.

The money comes from numerous sources — utility or apartment deposits, lost checking accounts, and even unused gift cards.

Each year, businesses turn over millions of dollars in unclaimed cash, stocks, bonds, securities, and insurance proceeds to Schroder’s office. These funds include payroll checks, old bank accounts, royalties, utility deposits, interest payments, stock certificates, and life insurance proceeds.

“With everything going on and with people getting back to work, with things getting back to normal, it’s a very good time to send these checks out,” said Louisiana State Treasurer John Schroder while annoucing the news.

He said nearly 34,000 checks are being sent out, totaling more than $4.3 million.

In this cases, state Treasury Office staff have been able to compare unclaimed property records to revenue records, update addresses, and send out checks without recipients having to search and do a claim form.

Schroder said one in six people in Louisiana has unclaimed property, with claims averaging $900.

Those not receiving checks in upcoming days might have money owed to them. To find out more, go online to LATreasury.com, click the “unclaimed property” button, and then scroll down to the “claiming unclaimed property” text box. Entering only enter a last name, city or zip code will reveal a person’s status indicating if they’re owed “lost money.”


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