According to the NYS Comptroller's office, Putnam County has over $12 million in unclaimed funds, the Hudson Valley region has over $388 million!
So what are Unclaimed Funds?
Banks, insurance companies, corporations and the courts are among the many organizations required by law to report dormant accounts to the State Comptroller. These organizations must attempt to notify you by mail and publish the information in newspapers. Despite these efforts, many funds remain unclaimed and are turned over to the Office of the State Comptroller.
Types of Unclaimed Funds Accounts
- Bank Accounts – savings, checking and CDs
- Court Funds
- Dividends
- Estate Proceeds
- Insurance Benefits/Policies
- Stocks, Bonds, Mutual Funds
- Telephone/Utility/Security Deposits
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