Contact:
Krysta West
Communications Director
Senate Republican Office
(207) 287-1505
krysta.west@legislature.maine.gov

FOR IMMEDIATE RELEASE

AUGUSTA – Senator Ron Collins (R-York) and Representative Bob Foley (R-Wells) 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.

They urge their constituents to search their names for missing property.

“It only takes a moment of your time to check out the website to see if your name is on the list,” Senator Collins said. “The site is very user-friendly and convenient, so I would encourage everyone to take a look to see if they have money coming to them.”

Rep. Foley said, “The State Treasurer currently has more than $241 million of unclaimed property. Some of it could belong to you or a loved one, so be sure to check it out.”

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.

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