Oregonians have $472M in unclaimed money

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Wednesday, August 27, 2014

The Department of State Lands is currently holding $472 million in unclaimed cash and property.

"The actual funds never go away," said Patrick Tate, Unclaimed Property Manager for Oregon Department of State Lands. "They are waiting here for the owner."

The funds come from a variety of sources, including bank accounts, payroll checks and refunds. The state of Oregon tries to contact owners with claims of $250 or more. Still, most unclaimed property is less than $50, which means most people are never notified.

Read more at KGW

 

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