An email from the Ohio Division of Unclaimed Funds shows there’s a backlog of over seven months for processing complicated claims, following a record-breaking year of claims filed.
Theresa Racz of Reminderville reached out to News 5 after she received an email regarding her late father’s unclaimed funds, which are tied to a life insurance policy.
She, like many people, filed a claim after the Ohio legislature made major changes to the state’s unclaimed-funds program.
Proposal to fund new Browns stadium made this website very popular
Last June, lawmakers directed the commerce department to pull money out of the unclaimed funds pool twice a year, starting on Jan. 1, 2026, and to put that money into a new fund for sports and cultural facility grants. The first deposit into that fund will be $1 billion, including $600 million earmarked for a new Cleveland Browns stadium in Brook Park…