(The Center Square) – The Oregon State Treasury will proactively return about $10 million in unclaimed property to people starting this month as part of its ‘Checks Without Claims’ initiative.
“We’re excited to reconnect thousands of individuals with their unclaimed funds without requiring any action on their part,” State Treasurer Tobias Read said in a statement. “In addition to collecting and safeguarding Oregonians’ unclaimed property, Treasury is committed to returning these assets and helping to bolster our citizen’s financial well-being.”
Through the initiative, the Treasury will issue payments to verified owners of unclaimed property that were reported to the state’s Unclaimed Property Program in 2021 and 2022.
“Payments, via check, will be mailed to individuals this month and accompanied by an additional confirmation letter from the Treasurer,” the release said.
In 2023, the state’s ‘Checks Without Claims’ program reconnected over 18,000 people from 48 states with money that belonged to them.