Increase in state unclaimed property refunds - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Increase in state unclaimed property refunds

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OLYMPIA -- The Department of Revenue announced Thursday, more than $400 million in unclaimed property refunds have been issued since 1955.

For fiscal year 2010, ending June 30, the Department processed over 98,000 claims and refunded more than $44.5 million.

The Department reported that claims increased from 2009 when more than 88,000 claims were processed in refunding $45 million. In fiscal year 2008, about 75,000 claims were paid worth $38.7 million.

Businesses are required to report to the state once a year, any unclaimed property held for at least three years. It can include paychecks, utility deposits, bank accounts, retailer refunds, and other lost property.
 
You can check the unclaimed property lists at: http://claimyourcash.org/ to see if you, family members, or friends have unclaimed property.

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