RICHMOND, Va. (WAVY) — Governor Ralph Northam announced Friday that the Department of the Treasury’s Unclaimed Property Program returned over $67.8 million in unclaimed property to Virginians — an now it’s even easier to claim assets, virtually.
“As we continue dealing with the economic impacts of this pandemic, we are getting Virginians the money that is owed to them as quickly and efficiently as possible,” said Northam. “The millions of dollars returned this year is a testament to the hardworking Treasury staff who are finding new ways to reunite people with their unclaimed assets despite the challenges brought on by the COVID-19 crisis.”
So, what is “unclaimed property”?
State officials say that unclaimed property consists of “abandoned assets or accounts” which are considered dormant due to a period of inactivity. Cash, stocks, bonds, utility deposits, customer refunds, unpaid wages, money from insurance policies, securities and investments, bank accounts, and tangible