AUGUSTA – Sen. Bill Diamond, D-Windham, announced the addition of over $12.1 million to Maine’s Unclaimed Property Fund, $376,984 of which is believed to belong to his constituents. This property consists of financial assets that have gone unclaimed by their owners. The last known owner’s information is now available on the Treasurer’s website: .
“State Treasurer Henry Beck is working hard to return unclaimed property held by his department,” said Sen. Diamond. “I urge all of my constituents to search their names on the Treasurer’s website to see if any of the $376,984 reported within the past year alone belongs to them.”
In total, the State Treasurer is holding more than $249 million of unclaimed property.
Unclaimed property consists of cash and other financial assets that are considered lost or abandoned when an owner cannot be located after a specified period of time. It includes, among other items:
checking accounts, certificates of deposit, over payments, gift certificates, paid-up life insurance policies, unpaid wages, uncashed checks, death benefits, dividends, insurance payments, refunds, savings accounts, stocks and contents of safe deposit boxes. Unclaimed Property does not include real estate, animals or vehicles.
Millions of dollars are turned over annually to the Treasurer of Maine by entities that cannot locate the owners. If your name is on the list, you can file your claim electronically at . Also, be wary of scammers — you do not need to pay anyone to file your claim, as filing a claim is both easy and free.