The State Treasurer’s Office is making it easier for residents to check for unclaimed money through a new easy-to-use search on LA Wallet. Director of Unclaimed Property Kathleen Lobell says it simplifies the process for citizens to reclaim their lost funds.
“They have well over a million Louisiana residents signed up for the app. And your information is automatically populated in our search fields so all you have to do is click to search.”
Unclaimed cash comes from uncollected funds from payroll checks, old bank accounts, utility deposits, insurance claim payments, interest payments, stock certificates, or life insurance proceeds. Lobell says one in six individuals in Louisiana has unclaimed property.
“We get bank accounts, uncashed checks, any kind of financial asset you can think of. So anyone who is on their LA Wallet app can just click on unclaimed property and go directly to our search.”
Lobell says the app-based solution securely harnesses the power of technology and the new feature assists in returning money to their rightful owners…
“The total amount of unclaimed money that’s in our system is over one billion dollars. So we always encourage people to check and see, we might have some money for you.”
To find out if you have unclaimed property, go to the LA Wallet app, search LaCashClaim.org, or call 888-925-4127.
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