State Seeks to Return $175 Million in Unclaimed Property

BATON ROUGE, LA – Louisiana citizens needing extra cash this holiday season could benefit from the Louisiana Department of the Treasury’s aggressive efforts to return $175 million in Unclaimed Property to its owners, according to State Treasurer John Kennedy.

“The holidays are a perfect time for citizens to check to see if we are holding their money, and we’re making it a top priority to return every penny,” said Treasurer Kennedy.

The Louisiana Department of the Treasury is responsible for finding owners of unclaimed intangible personal property that has been turned over to the state. This includes payroll checks, checking and savings accounts, royalties, utility deposits, interest, dividends, stock certificates and life insurance proceeds.

“One in six people in Louisiana have unclaimed property listed with the state and the average amount is $200 to $300, although some amounts are in the thousands, even millions,” said Treasurer Kennedy. “There is no fee for collecting unclaimed property through the Louisiana Department of the Treasury, and there is no expiration date for making a claim.”

With the support and assistance of the Louisiana Legislature, the Department has returned over $62 million since the Unclaimed Property Law was passed in 1972.

To see if the state is holding your holiday cash, call the Unclaimed Property Division toll-free at 1-888-925-4127 or visit www.treasury.state.la.us. Written inquiries can be sent to the Louisiana Department of the Treasury, Unclaimed Property Division, P.O. Box 91010, Baton Rouge, Louisiana, 70821-9010. The Division will also assist unclaimed property owners in providing proof of ownership, which is required before funds will be released.

Contact:
Sarah Mulhearn, Communication Director
(225) 342-0012