Unclaimed Funds Await Many Mississippi Residents

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The Mississippi state treasurer's office is pointing residents to the web to search for funds held in the unclaimed property program.

The program includes money from banks, savings and loans companies, insurance firms and utilities that have gone untouched for a period of five years.

State Treasurer Lynn Fitch told a Corinth group recently the list has been available in print in years past but is not posted on the office's website.

Since 1982, when the Unclaimed Property Act was passed, Fitch says the treasurer has returned more than $128 million to surprised owners.

About $500,000 in unclaimed funds comes to the treasurer's office monthly. In some cases, Fitch says the original owner has died and heirs are unaware that the property exists.