$12.1 million added to unclaimed property, Sen. Lawrence working to find owners

Posted: March 04, 2019 | Senator Lawrence

$12.1 million added to unclaimed property, Sen. Lawrence working to find owners

Senator Lawrence urges residents to check if they are owed money from utilities, banks and other third parties

 

AUGUSTA – Sen. Mark Lawrence, D-York, today announced the addition of more than $12 million to Maine’s Unclaimed Property Fund and urged Mainers to check whether any of that cash belongs to them.

“I would like to see unclaimed property in Maine returned to the rightful owners,” said Sen. Lawrence. “I encourage my constituents to take the time to visit the Treasurer’s website to see if they have any unclaimed property being held by the state.”

“Unclaimed property” is money owed to Maine people by third parties, such as former employers, banks or utility companies. Organizations are required to give unclaimed property to the State Treasurer after a specified period of time, after which the owner of the unclaimed property can retrieve it from the state.

Even if you have done everything right, you could have unclaimed property. It could be from a forgotten account, an overpaid bill or uncollected wages. This money could be unclaimed as a result of a change in name, addresses or bank account.

You can search the Treasurer’s Unclaimed Property list here. If you find your name, or the name of your current or past businesses on the list, you can claim the property immediately online — for free.

You can also search your friends and family and let them know about unclaimed property that may belong to them. To find out if you are owed money in other states http://www.missingmoney.com/ serves as a National Database.

The Office of the Treasurer receives new properties throughout the year. Be sure to check back as often as you can!