Are you owed unclaimed funds? - 21 News Now, More Local News for Youngstown, Ohio -

Are you owed unclaimed funds?

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YOUNGSTOWN, Ohio - Last year the state of Ohio paid out nearly $70,000,000 in unclaimed funds to its residents. But where does all that money come from?

It turns out the money comes from dormant checking and savings accounts, forgotten rent and utility deposits, and uncashed checks and insurance policies.

"Our parents, historically, bought us insurance programs for us to have that money when we went to college. We ended up not utilizing that money and it sat someplace and now after a period of time insurance companies must turn it over to the state of Ohio," says Trumbull County Treasurer Sam Lamancusa.

Local newspapers publish the names of people who have unclaimed funds in their Tuesday editions, but they only publish the names of people who have over $50 owed to them.

While thumbing through the pages at the Trumbull County Treasurers Office, 21 News found people owed as little as two cents, but one man was owed over $80,000.

To see if your name is on the list, or maybe you want to check for a friend or relative, you can see all names at your local county treasurer's office. They'll also help you with the paperwork necessary to get the money.

"We'll make a copy of the page your name is on. We'll give you a form and advise you to mail it to the state if you don't have computer access. If you do have computer access, we'll try to steer you toward using the state of Ohio's program and do it via the computer because it's a lot quicker," Lamancusa said.

To see if you're on the Ohio Unclaimed Funds list, log onto www.unclaimedfundstreasurehunt.ohio.gov

 

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