New unclaimed property receipts of the Louisiana State Treasury will be published in newspaper legal notices across the state today through Friday.
“The Treasury holds more than $500 million that needs to be returned to its rightful owners,” said State Treasurer John Kennedy in a news release.
Unclaimed property is money held by businesses and other entities that goes unclaimed and must be turned over to the state. The property includes savings and checking accounts, uncashed payroll checks, certificates of deposit, stocks and dividends, insurance proceeds, oil and gas royalty payments, utility deposits and other money.
When a business cannot locate someone the unclaimed property belongs to, usually because of a wrong address, the money is turned over to the state for safekeeping.
The average refund, Kennedy said, is $300 to $400.
To search the entire unclaimed property listings online, visit http://www.LATreasury.com.
Claim forms and additional information are also available on the website. Residents also can call toll-free at 1-888-925-4127 weekdays between 8 a.m. and 4:30 p.m. to start the claims process.