FOR IMMEDIATE RELEASE Contact:
Laura Hudson
Director of Internal Operations
Maine Office of the State Treasurer
Augusta, ME: Maine Treasurer, Henry E.M. Beck wants to remind Maine people that the Office of the State Treasurer is holding hundreds of millions of dollars in unclaimed property that may belong to you.
Unclaimed Property consists of money and other financial assets that are considered lost or abandoned when an owner cannot be located after a specified period of inactivity. It includes items such as bank accounts, uncashed checks, life insurance policies, unpaid wages, stocks and dividends, refunds, and safe deposit box contents. Unclaimed Property does not include real estate, animals or vehicles.
Millions of dollars are turned over annually to the State of Maine by entities who cannot locate the owners. There is no fee charged to process your Unclaimed Property Claim.
FACT SHEET:
|
Total Unclaimed Funds in Maine (1979-2021) |
$274.4 million as of 6/30/2021 |
|
Total Number of Accounts Available |
Over 4.0 million |
|
Cash Received FY21 (7/1/20-6/30/21) |
$31.4 million |
|
Claims Paid FY21 (7/1/20-6/30/21) |
28,601 claims; $16.7 million |
|
Average Claim Amount |
$585.00 |
|
Largest Personal Claim Paid FY21 (7/1/20-6/30/21) |
$377,400.00 |
Just go to www.maineunclaimedproperty.gov and search by your name.
The Office of the Treasurer of State is established in Article V, Part Third of the Constitution of the State of Maine. The core duties of the Treasurer’s Office are debt management, cash management, trust fund administration and unclaimed property administration. Other major tasks assigned to the Treasurer are directorships on many of Maine’s quasi-governmental debt issuing agencies and distributions under the Municipal Revenue Sharing Program.
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