Colorado is currently holding a massive $600 million in unclaimed money, according to The Denver Channel online. In an effort to return unclaimed property and unclaimed money to its rightful owners, the Colorado state Treasury created a program called “The Great Colorado Payback.”
In 2010 Colorado paid back $9 million in unclaimed funds and missing money and over $100 million has been reunited with property owners since 1987. Colorado currently has no limit on how long you have to claim missing property. Colorado’s unclaimed money database contains more than 1.7 million unclaimed property accounts for individuals and businesses, 400,000 of which are available for an online search. The Treasury department provides community outreach and education through such events as the Colorado State Fair. Since it appears not all funds may not available online, a call to the Treasury office may be the best place to start your search.
According to the Office of State Treasurer, Walker R. Stapleton, the Great Colorado Payback is responsible for reuniting Coloradans with their lost or forgotten assets. For example: if you have lost track of a bank account, stock certificate, or a retirement account; misplaced a rebate check, reimbursement or paycheck from a business; or moved prior to receiving your Colorado state tax rebate, the bank, business or state agency is required by law to file a report and forward those assets to the Unclaimed Property office of the Colorado State Treasurer.
Even businesses lose track of property and payments, occasionally resulting in unclaimed property which can be claimed. Corporations, schools, hospitals, and small businesses are also listed among the many individuals whose assets are in the possession of the State.
The Colorado State Treasurer currently maintains a list of over 1.7 million names of individuals as well as businesses for which property is available. Examples of these reportable accounts would include:
- Utility Refunds
- Stocks and Bonds
- Oil and Gas Royalties
- Safe Deposit Boxes
- Uncashed Insurance Checks
- Savings Accounts
- Mutual Funds
- Money Orders
- Payroll Wages
- Security Deposits
If you think you may be among the thousands of individuals who is the rightful owner to unclaimed property in Colorado, then you should perform a claims search today. According to The Denver Channel, from July 1, 2015 to December 24, 2015, the state was able to give back $14,874,191.65 in cash and property to its owners.
Office of the State Treasurer Walker R. Stapleton
1580 Logan St., Ste. 500
Denver, CO 80203
Phone: (Local) 303-866-6070 or (Toll Free) 800-825-2111
Website Address: http://www.colorado.gov/treasury/gcp/