Record amount of unclaimed property distributed in 2019

Record amount of unclaimed property distributed in 2019
The program began in 1961 and has paid out more than $847 million. (Source: Pixabay)

RICHMOND, Va. (WWBT) - A record amount of unclaimed money was returned to Virginia residents in 2019.

Gov. Ralph Northam announced Wednesday that $87.1 million was handed out through the Virginia Department of the Treasury’s Unclaimed Property Program in fiscal year 2019.

The previous record was set last year when $79 million of unclaimed property was distributed.

A press release said 2019 saw a 9.5 percent increase in the amount of property distributed and represented more than 129,900 asset accounts.

The program began in 1961 and has paid out more than $847 million.

Virginia residents can search www.vaMoneySearch.org for any unclaimed property belonging to them. The service is free.

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