DANVILLE, Va. (WFXR) — The City of Danville Treasurer’s Office along with the Virginia Department of the Treasury’s Unclaimed Property Office wants to help people claim money that might be owed to them.
According to the consumer protection law, businesses are required to report unclaimed property to the state. Until a claim is filed, the state will hold the property as the custodian.
Unclaimed property consists of “abandoned assets or accounts” which are considered dormant due to inactivity and can include utility deposits, customer refunds, unpaid wages, money from insurance policies, securities and investments, bank accounts, and tangible property. Property becomes unclaimed when the holder company has not had contact with the owner of the property for a specified period of time.The City of Danville Treasurer’s Office
This program started in 1961 and since then Virginians have seen more than $1 billion paid out.
If you are looking for help in searching or starting the claim process there will be a virtual event on Thursday, June 2 and Friday, June 3 from 10 a.m. to 4 p.m. where people can talk to a Treasury representative. Those interested can call 1-833-302-0704.
You can also search the Commonwealth’s unclaimed property database on the Virginia Treasury’s Unclaimed Property Program website.