Treasury Should Be First Point of Contact to Retrieve Money

BATON ROUGE, LA – Louisiana citizens searching for unclaimed property could become easy targets for con artists trying to take their money. According to State Treasurer John Kennedy, the Louisiana Department of the Treasury should be the first point of contact when searching for hidden treasure in the state.

There are organizations that are passing themselves off as finders and are charging large fees to locate money for Louisiana citizens, said Treasurer Kennedy. There’s absolutely no reason to hire a finder to locate your unclaimed property in Louisiana when we can find it for you at no cost.

The Louisiana Department of the Treasury is required by law to locate unclaimed property and to make every effort to return it to the public, including assisting any citizen with a claim, without charging a fee. Searches can be made by calling the Unclaimed Property Division toll-free at 1-888-925-4127 or by visiting www.treasury.state.la.us.

Treasurer Kennedy says consumers should be wary of letters from finders offering to help them collect their money. For someone to be a finder in Louisiana, he or she must be a licensed private investigator. It is also against the law for finders to charge fees in excess of 10 percent of the value of the property they recover.

Remember, there is no need to use a finder, said Treasurer Kennedy. We are here to help, and we will without any charge.

According to Treasurer Kennedy, consumers should also be cautious if they are contacted by organizations claiming to be associated with unclaimed property.

If a document does not specifically say it is from the Louisiana Department of the Treasury or the State Treasury’s Unclaimed Property Division, we didn’t send it, said Treasurer Kennedy.

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