Some 145 people in Natchitoches Parish will receive unclaimed property checks totaling $25,467 according to La. State Treasurer John M. Schroder. The checks are part of $4.8 million mailed out May 26 following a data match to update addresses. Checks will be mailed to every parish in the state.
“If you get a check in your mailbox from the La. Department of Treasury within the next week, it is real money you can cash it right away,” said Schroder.
“And, if you don’t receive a check, you may still be owed unclaimed money,” he added. “We can’t return all money this way, but we can at least give back $4.8 million. Please go to LaCashClaim.org to check your name and file a claim.”
Since 2018, the Louisiana Department of Treasury and Louisiana Department of Revenue have conducted an annual data share to search for updated addresses of Louisiana citizens to return their Unclaimed Property checks directly without them even needing to file a claim. Act 339 of the 2018 Regular Session permits the Louisiana Department of Revenue to share its database of current and correct addresses with the Treasury to return Unclaimed Property. As a result, the Treasury can annually update the addresses on file and clear out a backlog of Unclaimed Property still on the books.
Each year businesses turn over millions of dollars in unclaimed cash, stocks, bonds, securities, and insurance proceeds to the State Treasurer’s Office. Known as “Unclaimed Property,” these funds include payroll checks, old bank accounts, royalties, utility deposits, interest payments, stock certificates, and life insurance proceeds. Sometimes, the address the company has on record is no longer correct. One of the main reasons an item becomes unclaimed property is an incorrect or old address.
One in six individuals in Louisiana has Unclaimed Property, with claims averaging $900. To find out if you have Unclaimed Property, search at www.LaCashClaim.org or call the Treasury’s Unclaimed Property Division toll-free at 1-888-925-4127 (Monday through Friday, 9 a.m. to 4:30 p.m.).