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States go after unclaimed property, use it to patch budgets
When Americans lose track of money — in neglected bank accounts, paychecks they forgot to cash and elsewhere — state governments are increasingly aggressive in taking control of the cash.
State unclaimed property laws: discord and disparities
State-to-state disparities in laws on handling unclaimed financial assets have led to decades of efforts at greater uniformity, but limited success.
Prudential Agrees to $17M Unclaimed Property Settlement
The Florida Office of Insurance Regulation (Office) along with the Department of Financial Services (DFS) and the Office of the Attorney General (AG) today announced a multi-million dollar settlement agreement
Unclaimed property returned to South Shore cities and towns
State Treasurer Steven Grossman’s office returned nearly $425,000 in unclaimed monetary property to 124 cities and towns in 2011.
IRS still owes $165M in 2009 tax refunds
The Internal Revenue Service still needs to deliver about 111,893 tax refund checks to taxpayers
R.I. seeks owners of $150M in unclaimed assets
The state is holding about $150 million in unclaimed property on behalf of 24,000 people and businesses
Ohio SC: State can't keep interest on unclaimed assets
Ohio could owe unclaimed property owners millions in interest payments because of a Supreme Court decision that said the state cannot make money off unclaimed assets that are later claimed.
Alabama has more than $382 million in unclaimed assets; any claimants?
The state treasury has more than $382 million in assets waiting to be claimed
Reuniting people, property will be at State Fair
The Kansas State Treasurer’s office is continuing to reunite people with unclaimed property.
$450K in unclaimed Powerball prizes set to expire
Check your pockets and your junk drawer - there's three unclaimed Powerball prizes totaling $450,000
US Troops Leave Millions in Unclaimed Back Pay
The U.S. military is having trouble giving bonus payments to troops who were involuntarily kept on duty after September 11, 2001.
More Revenue for the States: Unused Gift Cards and The Unclaimed Property Law
As the economic crisis hits harder, retailers stand to lose in the battle versus the states in their claims for unused gift card value.
Governments Grab Unused Gift Cards
Some states faced with sinking tax collections and rising debt are going after unused gift cards that bolster their revenue.
Homeless women gets $10,000 from long-forgotten insurance policy
A Staten Island woman went from living in a homeless shelter to shopping for loads of new furniture after cashing in on a just-discovered $10,000 life-insurance policy that had been held by the state for more than 25 years
The Gov't Got Your Money
New York state has nearly $10 billion in unclaimed funds that authorities are just waiting to return to rightful owners.
California's Unclaimed Money Funds Still Increasing
The unclaimed money fund in California is going through the roof with almost 12 million people still losing out on their unclaimed funds.
Aretha Franklin, Martha Reeves, White Stripes among celebs with unclaimed money held by state
Inside Edition reports that Americans have some 15 billion dollars in unclaimed funds waiting for them to claim, including some famous names.