Utahns were reunited with a record-breaking $29.3 million from overpaid bills, dormant bank accounts, unpaid insurance benefits and other lost property during the last fiscal year, according to State Treasurer David Damschen.
When a business owes money to someone it cannot find for three years, it remits the funds to the state’s Unclaimed Property Division. During the fiscal year from July 2018 through June 2019, it received 327,000 unclaimed properties worth $38.4 million.
“Our mission is to reunite lost property with rightful owners, and our team strives to consistently reach for record levels of unclaimed property payouts,” Damschen said.