State Treasurer Returns Half-Million Dollars in Unclaimed Property to Economy during COVID-19 Outbreak
David McRae today announced the State Treasury has returned a half-million dollars in unclaimed property to Mississippi’s economy since the COVID-19 outbreak began escalating in mid-March.
“Our number one priority is to find the rightful owners of unclaimed property and return the money as quickly as possible,” said McRae. “We are thrilled to have infused a half-million dollars into the state’s economy during the coronavirus pandemic already, and we’re just getting started. Please visit treasury.ms.gov to begin your search. Even during the COVID-19 outbreak, our team is processing claims and returning the money to Mississippians.”
Last week, McRae announced unclaimed property claims can be notarized remotely, according to a new order from Governor Tate Reeves. Before having your claims form remotely notarized, check with your notary to see if they are authorized to offer remote notarization and can forego the in-person requirements for notarization.
While the State Treasury continues to process claims, the office remains closed to the public, and staff are working remotely in line with the recommendations of the CDC, Governor Reeves, and the State Health Officer. The State Treasury hopes to re-open to the public as quickly as is advisable.
What is Unclaimed Property?
It’s sometimes very difficult for banks, credit unions, and even retail stores to find the rightful owner of big chunks of money. People move – families lose touch – and the money just sits there. After five years, financial institutions turn that money over to the state to find the rightful owners, which is what our team does in the Unclaimed Property Division.
Where do I search for Unclaimed Property?
Visit treasury.ms.gov. Enter your last name. And begin your search!