Vermont State Treasurer Beth Pearce Announces 2nd Consecutive Record Year as More Vermonters Claim Their Unclaimed Property
MONTPELIER, VT — For the fiscal year ending June 30th, 18,012 individuals or organizations claimed their missing money in the fiscal year ending June 30, a new single-year record for the free service managed by the Vermont State Treasurer’s Office.
“In fiscal year 2019, a record 18,012 citizens, businesses, and nonprofits were reunited with more than $6 million worth of unclaimed financial property,” said Treasurer Pearce. “We are continuing to reach more and more Vermonters with expanded outreach programs. We believe that this is all about consumer protection – making sure that Vermonters are reunited with their rightful property.”
“Unclaimed property” describes assets like uncashed checks, lost valuables, forgotten security deposits, misplaced insurance policies, investments or estates. Through efforts to improve compliance, the Vermont Treasurer’s Office has increased the number of properties it is safeguarding to 530,000.
The Treasurer’s Office received $12.1 million of new property in FY2019, increasing the total amount on hand to $94.5 million. The 18,012 claims processed in the fiscal year improves on the previous record of 17,665 that was set last year. The Treasurer’s Office continues to receive new property, so Vermonters are encouraged to check and search online at www.MissingMoney.Vermont.Gov, even if you have checked previously.
Al LaPerle, Director Unclaimed Property Division, reminded Vermonters to be aware of for-profit enterprises that claim they will locate and recover lost property for a fee: “Prior to moving forward with a paid service, Vermonters should check the State’s unclaimed property databases or touch base with our office. This is a free service to protect consumers. We never charge a commission or fees to return unclaimed property to its rightful owner.”
The Treasurer’s Office conducts regular outreach to connect Vermonters with their unclaimed property. If you have questions about how to claim your money, visit www.MissingMoney.Vermont.Gov, or call 1-800-642-3191.