When was the last time you searched for unclaimed property in the I-Cash Database?
Illinois State Treasurer Dan Rutherford is encouraging residents to search the Unclaimed Property Division’s database several times a year. UPD currently has $1.7 billion in cash, plus contents from Illinois safe deposit boxes that have been abandoned for at least five years.
“It’s common for people to check one month and find no properties in their names, only to return the next month and find cash or other property on the list,” Rutherford said in a statement. ”My office took in 198,796 new properties just in the first quarter of 2013. One of those properties could easily be yours.”
One in eight Illinois residents have unclaimed property n the database, according to a press release. For the first quarter of 2013, I-Cash has returned $30 million in property. While the office previously returned about $82 million each year, Rutherford returned $101 million in 2011, a 24 percent increase, and $129 million in 2012, a 27 percent increase. The number of claims paid in the first quarter of this year is 18,340, which is up by 20 percent over the first quarter of 2012.
In 2012, the office added a total of 1,142,645 new properties, which breaks down to an average 95,220 new properties added to the database per month.
To search the I-Cash database, go toIcash.Illinois.gov