$350 million dollars in unclaimed property needs to be returned to Hoosiers.
$350 million dollars in unclaimed property needs to be returned to Hoosiers.
Updated: Wednesday, 16 Jun 2010, 3:56 PM EDT
Published : Wednesday, 16 Jun 2010, 3:56 PM EDT
What do Larry Bird, John Mellencamp and Reggie Miller have in common? They all have money in unclaimed property - some maybe waiting for you, too.
More than $350 million in unclaimed property is available to be returned to Hoosiers.
Unclaimed property comes from many different sources like old bank accounts, forgotten stocks, or utility deposits never returned to rightful owners. It could also be insurance proceeds, an inheritance or contents in a safe deposit box left in an individual's name.
In Indiana, businesses and organizations in possession of property remaining unclaimed for a specified length of time are required by law to turn it over to the Indiana Attorney General's Unclaimed Property Division.
Searching for and recovering unclaimed property is a free and easy process that Hoosiers can do by clicking here and following these six simple steps:
Hoosiers without computer access can call 1-866-IN-Claim (1-866-462-5246).
In 2009, the Indiana Attorney General's office returned $42.2 million dollars to rightful owners, but also received another $44.6 million of unclaimed property from businesses.
In Northeast Indiana about $17.1 million needs to be returned to Hoosiers.
Ground rules for posting comments: No profanity or personal attacks. No racially charged comments. If it's not something you would say to someone's face, it's most likely inappropriate. Please comment on the subject of the story itself. If you do not follow these rules, we will remove your post. Repeat offenders will be banned from making future comments. Keep it civil, folks! WANE is not responsible for the content posted in this comment section.