WV Press Sharing Release
CHARLESTON, W.Va. – State Treasurer Riley Moore’s Office returned significant sums of unclaimed property to two residents and one local business recently during a West Virginia Treasury Night event at Charleston’s Appalachian Power Park.
Treasury officials returned unclaimed property to Nancy Lovell of Charleston, Tammy Gobble of Rock Creek, and Quantum Sportswear LLC, a local Charleston business.
“Our Office is determined to return unclaimed property to our residents and local businesses,” Treasurer Moore said. “Our Unclaimed Property Division staff and Local Government Specialists are constantly working to reunite people with their lost assets.
“We’re always happy to return money to folks like Nancy, Tammy and the owners of Quantum Sportswear,” Treasurer Moore said. “In addition to being surprised they had money out there to claim, these individuals told the crowd at Power Park how easy it was to work with our Office and get their money. That underscores how hard we strive to make this process as easy as possible for our residents and businesses.”
The Treasurer’s Office returned $1,125 to Quantum Sportswear, $604.52 to Lovell and $7,000 to Gobble.
Treasury staff were also on hand at Saturday evening’s game to perform unclaimed property searches for attendees.
What is Unclaimed Property?
Unclaimed property can include financial accounts or items of value in which the owner has not initiated any activity for one year or longer. Common examples include unpaid life insurance benefits, forgotten bank accounts and unused rebate cards.
West Virginia’s unclaimed property laws protect the public by ensuring money and property owed to them is returned to them, rather than remaining permanently with financial institutions, business associations, governments and other entities. The Treasurer seeks to reunite the unclaimed property, including uncashed paychecks, stocks, or safe deposit box contents, with its owner.
Nationwide, nearly 33 million people in the United States – one in every 10 – are estimated to have unclaimed property available for them to claim.
How Can I Find Unclaimed Property in My Name?
West Virginians searching for lost financial assets can go to www.wvtreasury.com, then click on the large Unclaimed Property “Search” button to the right of the page under the heading, “Are We Holding Your Money?” In addition to finding property, the www.wvtreasury.com website will also help you track a claim.
A demonstration of how to use the Unclaimed Property search site is available on the Treasury’s YouTube page, at: https://youtu.be/K09yQ7YNKlE.