Mississippi State Treasurer David McRae today announced the Treasury Department has returned $1.5 million of unclaimed property during his first six weeks in office.
“Many in Mississippi don’t realize the state is looking for the rightful owners of millions of dollars in unclaimed property,” said McRae. “From the first day in office, we wanted to be proactive about returning the money. I am thrilled we’ve already returned $1.5 million, and we’re just getting started.”
After five years of no contact, banks, credit unions, insurance companies, retail stores, and others are required to turn over any assets for which they are unable find the rightful owner.
The Treasury Department’s Unclaimed Property Division is charged with trying to locate the owners of such assets and return the money to them.
You are invited to begin your search for unclaimed property on the Treasury Department’s website: treasury.ms.gov
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Release from the Mississippi State Treasurer.
Frank Corder
