Q:

What state office oversees unclaimed funds in Connecticut?

A:

Quick Answer

The Unclaimed Property Division of the Office of the State Treasurer holds unclaimed monetary property until the owners are located. The division maintains a list of owners of unclaimed funds.

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Full Answer

Unclaimed funds are sent to the state treasurer by businesses which have money due to an owner but have had no contact with the owner in at least three years. These funds come from many sources, including inactive savings or checking accounts, financial instruments and life insurance policies.

The state treasurer's website allows people to learn if they have unclaimed funds. Owners of unclaimed property or their heirs can provide information and receive a form that must be sent to the treasurer's office to claim the funds.

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