Treasurer Kennedy on Unclaimed Property
BATON ROUGE- Unclaimed property is just lost money. When a business or government has your money, it has to turn it over to the State Treasurer. It's the treasurer's responsibility to get the money back to its rightful owner.
This morning, State Treasurer John Kennedy came on 2une In to tell News 2's Kylie Dixon about an upcoming Unclaimed Property event in Baton Rouge.
“We get old bank accounts, stocks, bonds, utility deposits, mutual funds, and more every day and it's my job to try and get it back to people,” said Kennedy.
During Kennedy's time as treasurer, his office has returned about $400 million to 600,000 Louisianians, but he's getting the money faster than he can return it.
“Last year we set a record, we returned $35 million dollars but we got in $95 million,” said Kennedy.
Treasurer Kennedy is holding an Unclaimed Property event at the Mall of Louisiana on Saturday, August 22nd.
Kennedy is encouraging people to come out and see if they're owed money. If you're eligible to receive money all you have to do is fill out a short form and a check will be mailed to you within a few weeks.
The event is held in a different city every three to four weeks. Last week in New Orleans Treasurer Kennedy returned about $400,000 in five hours.
“If you come and you see a line don't worry, the line moves quickly,” said Kennedy.
The Treasurer's office has a list of over 500,000 names of people who are owed money from unclaimed property.
If you can't make it to the event you can search the database at the Treasury website.