14 May 2011 – Almost $10.5 billion in unclaimed money is available for claim in the state of New York. The state treasury is trying its best to connect with the actual owners of these unclaimed funds. According to the New York’s Comptroller, their state treasury is the fastest growing vault of unclaimed property in the U.S.
The outreach program initiated by the state government is generating sufficient buzz regarding the unclaimed funds, the volume of claims is still not satisfactory. By a recent estimate, the state of New York currently holds nearly $10 billion in unclaimed funds. The source of these unclaimed money lies in the 25 million inactive bank, business and government accounts unclaimed by their owners and in the care of the state controller’s office.
In order to bridge the gap between the incoming unclaimed money and the number of claims that are being made, the state treasury has initiated a very effective and easy outreach programs. The Online Claim program of The Office Unclaimed Funds makes it extremely easy for the public to locate their funds and make a claim. It is extremely easy to navigate and in addition, it is also secure way to reclaim the lost money. New York department of unclaimed funds also enables you to post your claim if the name is absent from the online list.
The New York State Comptroller’s Web Site can be accessed at www.osc.state.ny.us. This website is updates at regular intervals so that the most current list of unclaimed properties is online, which can be searched by anybody from anywhere. In addition to the various programs, the state of New York also publishes an “Abandoned Property Supplement” of the New York State Register, which contains a list of abandoned property. This supplement is published by New York State Department of State, 162 Washington Avenue, Albany, NY 12231.