Treasurer Loftis presents $66,000 unclaimed property check

Monday, April 4, 2011

(Columbia, SC) – Today State Treasurer Curtis Loftis presented a check for $66,481.39 which had gone unclaimed. A Midlands man worked with the Treasurer’s staff to return the property to the rightful owner.

“This is a great example of how easy our treasurer.sc.gov website is to use to find unclaimed property for people across South Carolina,” Treasurer Loftis said. “In this case, we were able to track down an old life insurance policy worth $66,000 and that money was just returned to the rightful owner.”

Midlands resident Jim Brantley credits using the State Treasurer’s website www.treasurer.sc.gov to find family and friends more than $70,000 recently.

“I had no idea one my relatives was owed $66,000,” Brantley said. “When I went to dinner with this relative and was told the dollar amount, I couldn’t believe it. I’ve found lots of friends and family with money owed listed on the Treasurer’s website, it’s great to give the good news.”

The $66,000 unclaimed property payout is one of the largest individual amounts given to an individual in recent times. (For security purposes and per the individual, the recipient is not being named.)

The Palmetto Payback Program currently holds more than 1.5 million accounts totaling nearly $300 million. For fiscal year 2010, the program paid 13,629 claims; returning more than $12.2 million dollars to the rightful owners. The most common unclaimed properties are dormant bank accounts, uncashed insurance policies, unclaimed utility deposits, uncashed checks and forgotten stocks/bonds.

CLICK HERE to check for unclaimed property.

CLICK HERE to download a photo from today’s event.

For a video of the event, click this video link.

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Newsroom
Interim Media Contact:
Edward Frazier
edward.frazier@sto.sc.gov
803.734.2016

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