Attorney General’s Office returned $61.01 million in unclaimed property
during 2018, $2.1 million more than the amount returned in 2017.
to collect, hold and disperse unclaimed property sets us apart from
attorneys general across the rest of the United States,” Attorney General
Curtis Hill said in a statement released this week. “We take this role very
seriously and work aggressively every single day to return unclaimed
property to its rightful owners.”
To reach owners of
unclaimed property, the Office of the Attorney General uses mailings; social
media; online and print advertisements; and local media coverage. Staff
members crisscrossing the state in the Attorney General's Mobile Operations
Center (MOC) also help constituents search for unclaimed money. During 2018,
in fact, staff members with the MOC helped Hoosiers find $430,030 in
unclaimed money on the Unclaimed Property Division’s online database.
In the spring of
2018, the Unclaimed Property Division (UPD) upgraded to a more streamlined
claiming process to make the experience more efficient for claimants.
Internally, the changes have enabled the claim review process to go
paperless, allowing for a more fluid and trackable system.
refers to any financial asset with no activity by its owner for an extended
period of time. This includes unclaimed wages or commissions; savings and
checking accounts; stock dividends; insurance proceeds; underlying shares;
customer deposits or overpayments; certificates of deposit; credit balances;
refunds; money orders; and safe deposit box contents. Organizations holding
potential unclaimed property are expected to make every possible effort to
contact the owner before reporting the assets to the state in which the
owner was last known to reside.
In 2018, the UPD
received $126 million in unclaimed property, $29 million more than the
amount received in 2017.
information on unclaimed property--and to search by name for assets waiting
to be claimed--log onto indianaunclaimed.gov