PORTLAND, Ore. — Oregon will send out checks worth about $10 million to people with unclaimed property in 2021 and 2022, state Treasurer Tobias Reed announced this month. announced Friday.
There is a total of approximately $1 billion in unclaimed property in Oregon. It’s from companies like banks, insurance companies, or former employers that can’t find you for whatever reason. In most cases, people can search and see if they have unclaimed property and, if so, submit a claim to the Oregon Unclaimed Property Program and receive confirmation to receive funds. You can complete the process.
Click or tap here to search for unclaimed money in your name
However, through the state Check without claims Under this initiative, Oregon will proactively mail checks to verified owners of unclaimed property received by the state in 2021 and 2022.
“We are excited to be able to help thousands of individuals reconnect their unclaimed funds with no action required on their part,” Reed said. “In addition to collecting and protecting Oregonians’ unclaimed assets, the Treasury Department is committed to returning these assets and promoting the economic well-being of Oregonians.”
The state plans to send benefits to about 25,000 people with unclaimed property in 2021-2022, with checks ranging in size from $50 to $10,000, the state announced. Checks will be mailed to people in February and will be accompanied by additional confirmation from the treasurer.
Here are some questions and answers regarding unclaimed property in Oregon.
whose money is it?
It’s your money. Unclaimed property is from companies such as banks, insurance companies, or former employers that cannot locate you for any reason.
Are people really waiting for money?
yes. In the United States, nearly 1 in 7 people has money waiting to be claimed. Most of his bills are less than $250.
I’ve checked it before, should I check it again?
absolutely. The reported unclaimed amount is increasing every year.people should Search database Regularly. Also search for other states where you have lived. They may also have money waiting to be claimed. Here are links to search in other states.
How can I recover unclaimed money?
If you have unclaimed money, you will need to file a claim with the state. You will be asked to submit evidence such as identification or documents.
How long will it take to receive my money?
State law requires applications to be completed within 120 days unless there are complications.
Is there a deadline to file a claim?
No, I’m not in a hurry. Unclaimed money is not used by the state of Oregon. It will be held in trust in perpetuity in the Common School Fund. Investment proceeds will be donated to Oregon public schools.
resource
Search for unclaimed funds unclaimed.oregon.gov.
For more information about unsolicited checks, please visit: Program website.
Have questions about unclaimed funds or unclaimed checks? Email claims@ost.state.or.us or call 503-378-4000.
