Vermont like most other states has collected millions of dollars in unclaimed property. Through a public records request, the Free Press has created a database of the property held by the state Treasurer’s office.
The property includes unclaimed cash and assets from businesses, banks, landlords, safe deposit boxes and utility companies. The Unclaimed Property Division of the Vermont State Treasurer's Office holds more than 760,000 pieces of property worth nearly $100 million, according to its website.
In 2021, the Treasurer's Office returned $4.9 million in assets and they are projected to return $7 million to Vermonters in 2022, while $10 million will be turned over to the state.
You can search our database here: Vermont Unclaimed Funds
How much does it cost to get your unclaimed property back?
It is free.
For more information, you can visit the state's website, or call (802) 828-2407; (800) 642-3191 which is toll-free in Vermont; or (800) 253-0191 for a TTY option.
There are people who will help you claim the property for a fee. Vermont's law limits the amount asset locators or heir finders can collect to 10% of the value of the unclaimed property recovered plus "agreement to pay compensation to recover or assist in the recovery of property is unenforceable if made within 12 months of the property being reported to Vermont by the holder," according to the state's website.
How to submit your claim for unclaimed property?
If you find a piece of property that you believe is yours, you must submit a "claim" via the state's website. This will generate an official claim reference number. Information can also be mailed to:
Unclaimed Property DivisionOffice of the State Treasurer109 State Street, 4th FloorMontpelier, VT 05609-6200
If the value of the property is under $200, then an original owner may file an online claim without the need to mail in documentation in most cases, according to the state. The money is typically distributed within two days once the claim is approved.
Searchable Database:Unclaimed money and property in Vermont
What other types of unclaimed property databases are there?
Every state is required to have a law regulating how to collect and return unclaimed property, but the process differs by state. Each state also has a different process for how the owner must identify themselves. The federal government also keeps a database for unclaimed federal tax returns, unpaid pensions or wages, and Veterans Affairs Life Insurance payments and more.
Holocaust Claims Processing Office
The state of New York also has the New York State Holocaust Claims Processing Office (HCPO) which provides Holocaust survivors and their heirs with information on unpaid European insurance policies from before World War II and about deposits in banks both before and during the Second World War, and "artwork that was lost, stolen, or sold under duress between 1933 and 1945."
You do not have to be a resident of New York state to file a claim with this office.
For information, contact the HCPO at 800-695-3318 or at its website.
This article originally appeared on Burlington Free Press: VT unclaimed property database is searchable: What to know about it