Senate Republican Office
FOR IMMEDIATE RELEASE
AUGUSTA – Senator Roger Katz (R-Kennebec) and Representative Matthew Pouliot (R-Augusta) today announced the addition of $11.6 million to Maine’s Unclaimed Property Fund. This property consists of financial assets that have gone unclaimed by their owners. The last known owner’s information is now available on the Treasurer’s Website: www.maine.gov/unclaimed. In total, State Treasurer has more than $241 million of unclaimed property.
They urge their constituents to search their names for missing property.
“You have nothing to lose by seeing if your name is on the list,” Senator Katz said. “Over the course of a lifetime, people are involved in countless financial transactions, and it’s possible they never got money that was coming to them. This is the only way to find out if that applies to you, and I would encourage everyone to visit the unclaimed property website.”
“The State of Maine has more than $241 million in unclaimed property,” said Rep. Pouliot. “It only takes a few minutes to go on the website and see if some of it is yours. I would encourage everyone to take a look and see if their name is on the list.”
Unclaimed Property consists of cash and other financial assets that are considered lost or abandoned when an owner cannot be located after a specified period of time. It includes, among other items, checking accounts, certificates of deposit, over payments, gift certificates, paid-up life insurance policies, unpaid wages, uncashed checks, death benefits, dividends, insurance payments, refunds, savings accounts, stocks and contents of safe deposit boxes.
Millions of dollars are turned over annually to the Treasurer of Maine by entities who cannot locate the owners. If your name is on the list, file your claim electronically at www.maine.gov/upsearch. You do not need to pay anyone to file your claim as filing a claim is both easy and free.