10 million assets of unclaimed property available in Alabama

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Wednesday was National Unclaimed Property Day, and state Treasurer Young Boozer is reminding Alabamians to claim their valuable belongings.

“People need to know about unclaimed property, and if they have it, we want them to claim it as quickly as possible,” said Boozer.

“On an annual basis, the holders of those assets send them to us when they’ve lost contact, people that are the owners, and they’re required to send them to us, and then what we try to do is we do our best to try to locate them and return the money,” said Boozer. Boozer said he’s seen it all. He said, “The most unusual one that I’d like to talk about is that years ago we got a 60-pound rock.”

 

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10 million assets of unclaimed property available in AlabamaState Treasurer Young Boozer is reminding Alabamians to claim their valuable belongings. Question: 1. Where does the monetary interest go for these accounts? My bank pays me for these deposits. 2. Has the State ever borrowed from these accounts? 3. Did they pay it back with interest? At 1 Billion dollars, with a fraction of the interest and a small crew, I could give back piles of this money to the owners.
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State looking to help Alabamians reclaim their unclaimed propertyWednesday is National Unclaimed Property Day, and the state is looking to help Alabamians reclaim such property that is rightfully theirs.
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