Unclaimed property is money turned over to the State by businesses and organizations that were unable to locate the rightful owner. The Unclaimed Property Division is a consumer protection program of the Tennessee Department of Treasury that works to reunite the millions of missing dollars turned over every year with its rightful owners. Each year, businesses turn over thousands of unclaimed properties to the State. Last year, there were more than a million pieces of property turned over from businesses.
The money returned to Maury County represents 13 unclaimed properties, which included cashier’s checks, accounts payable checks and outstanding checks sent by the trustee. These funds were turned over to the State during the past year.
“We are very appreciative of Treasurer Lillard and his staff in their ongoing efforts to return unclaimed property to the rightful owners,” Trustee McNeece said. “The Trustee’s Office is always excited to locate and claim money that can be used as part of the Maury County Operational Funds. Also, this office will be glad to assist any Maury County citizen in their search for unclaimed property that may be rightfully theirs.”
Legislation passed by the General Assembly in 2017 allows for greater efficiency in reporting and returning unclaimed property to Tennesseans. Included in this law is a provision Treasurer Lillard is particularly proud of, allowing his office to return missing money to local governments and Tennessee schools without requiring them to file a claim.
“I am grateful to Senator Joey Hensley, and Representatives Sheila Butt and Scott Cepicky, who represent Maury County, for supporting the Unclaimed Property program, giving Treasury the ability to proactively put money back into the hands of local governments and schools,” Treasurer Lillard said. “The support of these legislators has allowed us to increase efficiency and return more money to your communities.”
The Unclaimed Property Division returned 52,584 claims, totaling $60 million, to the rightful owners during fiscal year 2021. There is currently over $1.2 billion waiting to be claimed. There are more than 71,000 instances of Unclaimed Property in Maury County, totaling over $5.5 million waiting to be claimed.
Anyone can see if they are owed any missing money by searching their name at ClaimItTN.gov, and may file a claim online if they find unclaimed property belonging to them.
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