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Public advised to check on funds

December 22, 2012
The Leader Herald

ALBANY - State Sen. Hugh Farley, R-Schenectady, recently advised his constituents to check with the state comptroller's unclaimed funds website to see if they have unclaimed money.

New York state has more than $12 billion in unclaimed funds, Farley said in a news release.

Banks, insurance companies, utilities and other businesses with funds that have been dormant or forgotten must turn those funds over to the comptroller's office, which acts as a custodian until the funds are returned to their rightful owner, the news release said.

Types of unclaimed funds include savings and checking accounts, uncashed checks, utility deposits and mortgage insurance refunds.

To check for unclaimed funds, go to www.osc.state.ny.us/ouf/index.htm.

 
 

 

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