WDAY.com |

North Dakota's #1 news website 10,650,498 page views — March 2014

Published August 07, 2012, 11:58 AM

1 in 20 Minnesota residents have unclaimed property

ST. PAUL — The state estimates that about one in 20 Minnesotans has at least $100 in unclaimed property.

By: Associated Press, INFORUM

ST. PAUL — The state estimates that about one in 20 Minnesotans has at least $100 in unclaimed property.

The Department of Commerce says that this year alone 7,200 state residents have reclaimed $19 million in missing money from bank accounts, life insurance policies, safe deposit boxes and other assets.

Commerce officials say nearly $264 million worth of property has been returned to Minnesotans since the unclaimed property program began in 1969.

Minnesota is among states that are linked to the website MissingMoney.com. KMSP-TV reports that search functions on the site have been improved to reduce the time it takes to return unclaimed property.

The state says that as of March, more than $500 million worth of property remains unclaimed.

___

Copyright 2012 The Associated Press.

Tags: