$420K in unclaimed property returned at drive
BATON ROUGE- The state Department of Treasury has returned a record $420,000 in unclaimed money to hundreds of New Orleans area residents at an Unclaimed Property Awareness Day over the weekend.
In an effort to increase awareness about the Unclaimed Property Program and help citizens claim their money, the Treasury visits shopping malls around the state, where Treasury employees check to see if residents have missing money.
The average Unclaimed Property claim is usually around $200 to $400, but there were several large claims this weekend including one for $85,000 and another for $98,000.
The Treasury's Unclaimed Property database includes over 1 million people and businesses statewide that are owed $578 million.
This money can be from old savings and checking accounts, payroll checks, stocks, insurance proceeds, oil and gas royalty payments, utility deposits and other funds.
To search to see if you have unclaimed property, visit LATreasury.com or call 1-888-925-4127 Monday through Friday 8:00 a.m. to 4:30 p.m.