State Treasurer David McRae, who is in the midst of his first year in office, announced on Wednesday that his office has infused more than $15 million into Mississippi’s economy, through unclaimed property returns, since January.
“We know every penny matters to Mississippi families right now, so there has rarely been a more important time to return unclaimed property to its rightful owner,” McRae said. “This is not the state’s money, and it doesn’t come out of the taxpayer pockets. Unclaimed property is your money…I am thrilled to have infused $15 million into Mississippi’s economy so far.”
When banks, credit unions, and retail stores are not able to locate the rightful owner to any unclaimed dollars, the money is turned over to the state after five years. There, the Treasury’s Unclaimed Property Division is responsible for returning the dollars to its proper owner.
To find out if there’s any unclaimed property out there under your name, click here.
