Bellevue, WA (PressExposure) February 19, 2011 -- New York treasurer is on a hot pursuit of unclaimed property owners, recently reported by Cashunclaimed. According to the New York's comptroller, the state treasury is the fastest growing vault of unclaimed property in U.S.
The outreach program initiated by the state government is generating sufficient buzz regarding the unclaimed funds lying with the state government, the volume of claims is still not satisfactory. By a recent estimate, the state of New York currently holds nearly $10 billion in unclaimed funds. Most of these unclaimed funds come from come from 25 million inactive bank, business, and government accounts unclaimed by their owners, and in the care of the state controller's office.
The much simplified Online Claim program of The Office Unclaimed Funds makes it extremely easy for the common man to locate their funds and stake a claim. It is extremely easy to navigate, and in addition it is also a secure way to reclaim the lost money. New York department of unclaimed funds also enables you to post your claim if the name is absent from the online list.
The New York State Comptroller's Web Site can be accessed at http://www.osc.state.ny.us. This website is updated at regular intervals so that the most current list of unclaimed properties is online, which can be searched by anybody from anywhere. In addition to the various programs, the state of New York also publishes an "Abandoned Property Supplement" of the New York State Register, which contains a list of abandoned property. This supplement is published by New York State Department of State, 162 Washington Avenue, Albany, NY 12231.
Cashunclaimed has reported that unclaimed funds officials in New York are aware of the recent issues and hurdles in disbursing the funds to the rightful claimants. While the New York's unclaimed property vault continues to grow, more people need to come forward to claim their lost properties. The outreach program of the state, along with the National Association of Unclaimed Property Administrators (NAUPA), a nonprofit organization affiliated with the National Association of State Treasurers, has managed to spread widespread awareness about the state government's unclaimed funds initiative.