Maine had record year for returning unclaimed property – Press Herald

30June 2020

State Treasurer Henry E.M. Beck stated Tuesday that his office returned a record quantity of unclaimed property to Mainers throughout the that ended Tuesday.

Beck said the office paid $17 million to more than 30,500 complaintants. The number of individual homeowner paid beat the previous record embeded in fiscal 2018 by more than 1,000 claims.

Unclaimed residential or commercial property includes cash and other monetary possessions that are considered lost or abandoned when an owner can not be located after a specific duration of inactivity. It consists of products such as savings account, uncashed checks, life insurance policies, unsettled earnings, stocks and dividends, refunds and safe deposit box contents.

“During this tough time in our state, it’s terrific to understand we have actually had the ability to continue to return money to Mainers who count on these payments to live every day,” Beck said in a ready declaration. “Our office has actually stayed totally practical throughout the pandemic and will continue to look for and return property to rightful owners.”

Currently, the state treasurer holds $261 million worth of unclaimed home. To sue, go to maineunclaimedproperty.gov and follow the instructions or call 624-7470 for help.


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