Service allows people to search for unclaimed money in savings accounts, stocks and pay checks
Maine, New Mexico and Massachusetts recently joined MissingMoney.com, a
free national search engine that helps people find lost assets and unclaimed
The National Association of Unclaimed Property Administrators and the Checkfree
Corp., launched the site last November. People can use it to search for
their rightful assets, including savings accounts, stocks, and pay checks
that may have been lost over time. To use the service, people simply enter
their last name and Zip code to see if any matches are returned.
"States are doing this because it offers them a new paradigm to extend their
public outreach," said Mike Meriton, president of MissingMoney.com. "It's
part of every state's mission statement to be the perpetual custodians of
assets and find their rightful owners."
Maine, New Mexico and Massachusetts make 21 states that are participating
in free database. Florida, Wisconsin, Iowa, Virginia and North Carolina
joined last November when the Web site launched. A dozen states' unclaimed
property listings can be searched on the site, and the rest will be added
as soon as their data is properly collected and formatted.
"We are very excited to join MissingMoney.com and offer New Mexico residents
another way to quickly locate lost assets," said John Chavez, the state's
Taxation and Revenue Department secretary. "New Mexico manages approximately
$38.5 million in unclaimed property, and we are working hard everyday to
return that property to the rightful owners as soon as possible."
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