Monday, October 17, 2011

Unclaimed Property News Roundup

A few miscellaneous unclaimed property articles to start the week:

South Dakota Holding Nearly $5 Million in Unclaimed Lottery Winnings -- According to an article by Megan Luther in the Argus Leader of Sioux Falls, South Dakota, that state is currently holding more than $4.8 million in unclaimed lottery winnings.  According to the article, winners have 180 days to claim prizes after which time the money reverts to the state.

California Controller's Office Issues Quarterly Unclaimed Property Newsletter -- The Holder Outreach program of the California Unclaimed Property Division recently issued their Quarterly Holder Newsletter.  Among the topics covered in the newsletter are the state's procedures for assessing interest on late reported amounts, a reminder about due diligence, and the latest holder reunification stats.

Unclaimed Property Claim Activity Increases in Ohio -- According to the Associated Press, Ohio is reporting that nearly $15 million has been claimed from the Department of Unclaimed Funds to date, and increase of more than 35% over the same period in 2010. 

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