Arkansas State Auditor Dennis Milligan marked a milestone this week, hitting $100 million returned to current and former Arkansans through the office’s Unclaimed Property division. Milligan has returned $100.2 million since being in office.
Unclaimed property is most often cash left behind from unreturned utility deposits, unused checking accounts or overpayments, and can also include life insurance proceeds, stocks, bonds or inheritances. When companies cannot locate the owner of these financial assets, they remit them to the state auditor’s office whose job it is to return them to their rightful owners.
The auditor’s office has more than $400 million in unclaimed property owed to current and former Arkansans. It is not limited to individuals; businesses and nonprofits can also have unclaimed property. To check the state’s database and file a claim, people may visit www.claimitar.gov.