The Louisiana Department of Treasury says they returned $2.3 million to a resident in North Louisiana under the Unclaimed Property Program. The Department says that the money was from unclaimed oil royalties from a deceased relative.
State Treasurer John Schroder says that the money was the largest amount ever returned to a Louisiana resident in the history of the property program.
The Treasury says that they also collect old bank accounts, insurance proceeds, utility deposits and other business funds when the rightful owners cannot be located.
In a press release, the department says they have collected $83.8 million and have returned $28.7 million to 38,398 individuals. Treasurer Schroder says that the state still has $858 million in unclaimed property on the books. While that property has yet to be claimed by citizens, Schroder says that more people than ever a claiming their money with the help of the department’s online system.
To search the online claim system visit www.latreasury.com or call 1-888-925-4127.