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Unclaimed Property

By
Real Estate Agent with RAM Arts Photography

Unclaimed Property.  You may have cash waiting on you and not even know it.  I did.  I put my two weeks’ notice in at a job I was working and apparently forgot to pick up my last check.  I was spoiled on Direct Deposit!  So, what do you do if this happens to you?  The Louisiana Department of Treasury has an Unclaimed Property Division.  You can search to see if you have any unclaimed property in Louisiana HERE.

So why does the state have your money?  According to their FAQ:

"Under the provisions of Louisiana Revised Statutes 9:151 through 181, any business holding intangible personal property owed to a person or another business must report and transfer that property to the state if it has not been claimed by the rightful owner for a certain period of time holding period."

What if you wanted to check another state?  Then click HERE.  This organization can point you to your state's unclaimed property division.

According to NAUPA 32.877 billon dollars is being held by state and other agencies that are currently unclaimed.  Go and take a look to see if you might have some unclaimed cash!!

 

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Comments (4)

Krista Lombardi
Prudential Calfornia Realty - San Diego, CA

Hi Rebecca, Thanks for your post today. I will be checking on my state very soon. :)

Sep 21, 2011 05:30 AM
Jennifer Chiongbian
Specializing in all types of Manhattan apts & townhouses - Manhattan, NY
Real Estate Broker - NYC

I know the governement had millions of dollars of this unclaimed cash.  Thanks for the reminder to check on it once in a while!

Sep 21, 2011 05:45 AM
Linda K. Mayer
License # 01767321 - La Verne, CA
Realtor, SRES, SoCAL, A REALTOR YOU CAN TRUST

Interesting post, Rebecca... but how in the world could you forget a paycheck!  LOL

Sep 21, 2011 06:43 AM
Rebecca Melancon
RAM Arts Photography - Lake Charles, LA

Krista - I check from time to time just in case!!

Jennifer - Sadly most people don't even realize it either!

Linda - LOL! I was a cocktail waitress at a casino so you can imagine my check was not much money.  I relied on tips.  The paycheck just paid the taxes to the government!  I was also moving at the time so with so much going on it didn't dawn on me that I had not picked up that check.

Sep 21, 2011 07:07 AM