SALT LAKE CITY – October 9, 2018 – Utah State Treasurer David Damschen today announced the implementation of a new unclaimed property management system and an enhanced website that incorporate the latest advancements in technology to provide claimants and holders with the simplest, most secure experience possible.
Last year, the Unclaimed Property Division put $24.4 million back into the pockets of rightful owners and processed 19,705 claims – that is four times as many claims as 10 years ago. In recent years, the Division has paid more than 50 percent of claims in just one week. That percentage should increase with the new system.
The Division received more than $38.4 million in lost property at the end of 2017. This property comes from sources, such as dormant bank accounts, uncashed checks, safe deposit box contents and unpaid insurance benefits.
For more information and to search property, visit mycash.utah.gov or call 801-715-3300.