FRANKFORT, Ky. (9/18/13) – From 10 a.m. ET until 2 p.m. Thursday, September 19th, Kentucky Treasurer Todd Hollenbach and 42nd District Representative Reginald Meeks will direct a group of local volunteers at St. Stephen Baptist Church in the search for the rightful owners of thousands of dollars in unclaimed property.
Residents of the 42nd District are also welcome to come to the church located at 1018 South 15th Street between 10 a.m. and 2 p.m. to find out if they have some unclaimed treasure. Treasury staff will be on hand to help them search and begin the claims process.
Treasure Finders is a statewide proactive outreach to notify potential claimants of cash being held by the Kentucky State Treasury. The 42nd legislative district of Jefferson County has the potential to return $15.3 million to residents from approximately 24,700 properties now held by the State Treasury.
“We roll-up our sleeves and work hard to locate potential claimants. Our goal is to return every dollar possible,” Treasurer Hollenbach said. “In these tough economic times, many residents will welcome a call alerting them to an unclaimed financial treasure”.
The program works with local volunteers to establish a phone bank, review property listings and call residents to inform them of potential unclaimed property. Claimants will then be instructed on how to proceed to claim their property from the Treasury
Each year the Kentucky State Treasury receives millions of dollars from holders (such as banks and insurance companies) who by statute must transfer assets of inactive accounts to the Treasury for holding. Historically, about 20-percent has been returned to owners. To increase the return percentage, Treasurer Hollenbach created the Treasure Finders program in 2008 and since that time has returned a record $90-million worth of claims.
Information provided by Mark Pfeiffer
Copyright 2013 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
|< Prev||Next >|