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Does Virginia Owe You Money ?

imageEach year, the Virginia  Division of Unclaimed Property In Virginia collects lost assets that  include closed bank accounts, lost or uncashed checks, abandoned life insurance policies, safe deposit boxes, and unclaimed stock and dividends. financial assets and abandoned items from financial institutions (banks, insurance companies, the IRS, etc.) and from deposit boxes and police evidence rooms, respectively.

According to spokeswoman Brooke Bredel, 1 in every 7 people in the State has Virginia unclaimed money in their name. Last year, the Virginia Treasury Department’s Unclaimed Property Division took in more than $124 million in cash, stock, and other tangible and intangible property. It returned about $41 million to persons who could establish a legitimate claim.

What is not returned gets deposited into the state’s Literary Fund, which provides low-interest loans for school construction, grants for school technology equipment and support for the state’s share of teacher retirement.

The department contributed about $75 million to the fund last year, making it the fund’s largest contributor. The Literary Fund also receives money from unclaimed lottery winnings and from assorted fines and fees paid to the state. Total receipts last year were $233 million.

In a search for my own name I just discovered I am owed money, same for my in laws, don’t know how much but a nice surprise in any case, kind of like finding money in your pants pocket after you do the laundry,

You can conduct your own search on the State’s searchable website, at www.VaMoneySearch.org,

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