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Apr 01 2021

Addition Of More Than 600,000 New Properties To Unclaimed Property Website

By Curtis Loftis for The Island Connection

State Treasurer Curtis Loftis announced today that more than 600,000 new properties have been reported to the State’s Unclaimed Property Program, including over 3,500 $50 rebate checks that were issued to South Carolinians back in 2019, as part of the Mega Millions lottery windfall.

“The State Treasurer’s Office completed what we call Holder Season, the time of year when companies that are holding unclaimed property for South Carolinians must remit it to the state’s Unclaimed Property Program,” explained Treasurer Loftis. “Our team has finished reconciling the reports submitted this past fall, and now we begin the process of identifying the rightful owners so we can return these funds to them.”

Currently there is more than $700 million in unclaimed property located across the state. Examples of unclaimed property include dormant bank accounts, uncashed checks, unclaimed insurance proceeds and forgotten utility deposits.

The State Treasurer’s Office acts as custodian of these funds until the rightful owners come forth and make a claim. Since 2011, more than $220 million has been returned to South Carolinians.

“Now is the perfect time to search our website,” Loftis added. “I encourage individuals, business owners, churches, schools, and other organizations to visit the State Treasurer’s Office website at treasurer.sc.gov to see if there is new money waiting for you.”

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