Oregon to send out $5M in unclaimed funds this fall
Story by by https://nbc16.com/
Checks will range from $50 to $2,500.
This is the first time ever that the state has reunited this many people with their lost funds. Typically, people must apply to access the funds.
"Beginning in mid October, people will begin to receive letters informing them of the forthcoming checks," the Oregon Unclaimed Property Program said in a statement. "The initial letter will be followed by a subsequent letter and check in early November."
According to the state:
The checks are funds--referred to as unclaimed property--that have been reported to the state by companies and organizations that do business with Oregonians and have been unable to return the money to the correct owner. Common examples of unclaimed property include uncashed checks, forgotten bank accounts, security deposits, tax refunds, credit balances, investment accounts, payroll checks, refunds, and more. The money is part of the $700 million in unclaimed funds the state holds on behalf of 3 million people.
"Typically, people need to file a claim with the unclaimed property program to receive the funds they are owed. However, given the unprecedented financial uncertainties and difficulties many are facing, the state has determined, for the first time ever, the funds will be directly mailed to the correct owner," according to the state. "To recover funds not distributed this fall, property owners can file a claim at unclaimed.oregon.gov. The Unclaimed Property Program advises people who receive letters about the forthcoming checks to wait for the checks to arrive, as filing a claim may ...