Louisiana Has Nearly $700 Million in Lost Money...Some of It Could Be Yours

BATON ROUGE, LA – Nearly $700 million in Unclaimed Property is sitting in the Louisiana treasury. Baton Rouge area residents can see if any of the money belongs to them at an Unclaimed Property Awareness Day this Saturday, Aug. 22, at the Mall of Louisiana.

“We’ve now collected more than $1 billion in Unclaimed Property. As quickly as we return it, we get more in,” State Treasurer John Kennedy said. “Come see us at the mall. We’ll help you search, and we’ll help you file a claim on the spot. It’s a free service.”

Treasury employees will be stationed in the 1st Floor Center Court at the Mall of Louisiana, located at 6401 Bluebonnet Blvd. in Baton Rouge, from 10 a.m. to 3 p.m.

Individuals attending Saturday’s event are asked to bring a valid photo ID and Social Security card to speed up the processing of their claims. Checks for all approved claims will be issued and mailed as quickly as possible after the event.

The average claim is $900 and usually includes old savings and checking accounts, payroll checks, CDs, stocks and dividends, insurance proceeds, oil and gas royalty payments, utility deposits and similar funds. Since 1972, the Unclaimed Property Program has returned more than $373 million to nearly 600,000 Louisiana citizens.

Treasurer Kennedy encourages Louisiana residents who cannot attend Saturday’s Unclaimed Property Awareness Day to search for missing money online at www.LATreasury.comor call the Treasury’s toll-free hotline at 1-888-925-4127 (Monday – Friday 8:00 a.m. to 4:30 p.m.).

Michelle Millhollon