Millard Encourages Residents to Check Treasury Department’s Bureau of Unclaimed Property
8/2/2011

Rep. David Millard (R-Millville) is encouraging area residents to check the Pennsylvania Treasury Department’s Bureau of Unclaimed Property for any financial asset that has been left inactive for a period of about five years. 

According to the Pennsylvania Treasury Department, millions of dollars in unclaimed property comes into the bureau each year.  The most common types of unclaimed property are dormant bank accounts, stocks and dividends, uncashed payroll checks, uncollected utility deposits, unredeemed gift certificates and items in safe deposit boxes. 

In an effort to return the property to those who rightfully own it, an online database was created in 2000 to make information more easily accessible.  The Treasury is only required to advertise the names of people, businesses or organizations owed property valued in excess of $250. 

“Officials at the Treasury Department have alerted my office that more than $1 million worth of unclaimed property is attributed to residents of the 109th Legislative District,” Millard said.  “I encourage every resident to take a moment to look up their name and any businesses with which they’re associated to see if they show up on the listing.” 

Treasury Department officials are also cautioning individuals to be wary of services or “finders” who charge fees to help locate unclaimed property.  Finders often charge the maximum amount allowed by law, up to 15 percent of the property’s value, for making use of the same online databases that individuals can use free of charge. 

For additional information on unclaimed property, visit RepMillard.com for a link to search the database.  Residents without Internet access are encouraged to contact either of Millard’s district offices for assistance.  Millard’s office in Bloomsburg is at 605 West Main St. (telephone 570-387-0246). Millard’s Berwick office is located at 904B Orange St. (telephone 570-759-8734). 

State Representative David Millard
109th District, Pennsylvania House of Representatives

Contact:  Diane Moore 
dmoore@pahousegop.com
717.772.9844
Facebook.com/RepMillard

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