Unclaimed Money Tennessee

TENNESSEE HAS RETURNED MORE THAN $2 BILLION IN UNCLAIMED PROPERTY TO ITS RIGHTFUL OWNERS.

Unclaimed money or property, often known as abandoned property or money, is money that the state considers to be Unclaimed Money. The state laws determine whether or not a property is considered abandoned. Unclaimed property is generally described as property that has been lost communication with the owner for a length of time prescribed by statute. Cash, stock bonds, mutual funds, vendor balances or overpayments, unclaimed customer refunds, and uncashed payroll checks are just some of the items that can be termed abandoned. It’s vital to note that some forms of property, such as land, residences, and vehicles, will not be considered abandoned.

Unclaimed property in Tennessee is estimated to be worth $890 million. This figure fluctuates because the property is continuously being claimed and reported as unclaimed. Tennessee’s unclaimed property is a small part of the total unclaimed funds. According to the National Association of Unclaimed Property Administrators (NAUPA), a national organisation dedicated to caring for unclaimed/abandoned money and property, the United States alone has $42 billion in unclaimed property. The figures are significantly higher on a global scale.

How Much Unclaimed Money in Tennessee?

The online platform where anybody may look for and claim missing money they may have in Tennessee, has received exciting updates from the Tennessee Department of Treasury Unclaimed Property Division. There is $1.2 billion waiting to be claimed as of June 30, 2021.The Tennessee Department of Treasury’s Unclaimed Property Division is a consumer protection agency that seeks to reunite millions of dollars in unclaimed property with their rightful owners each year. According to the Treasury Department, one out of every six Tennesseans may have money missing.

ClaimItTN.gov has been made mobile-friendly, making it easier to look for unclaimed property in Tennessee from any device. In addition, the claims procedure has been streamlined, with improved communication within the platform. Claimants can now submit several properties on a single claim, substantially speeding up the process of claiming and receiving property.

According to a customer service survey sent to each claimant, Tennesseans are applauding their claim experience via the new portal. “I like how each phase of the process’ status was self-explanatory. I will undoubtedly recommend your website to others. It was a very simple and enjoyable experience. It’s something I’ve told everyone I know about. Who knew there was money to be found.

Is There Unclaimed Money In Your Name?

The government may have as much as $58 billion in unclaimed money. Find out if some of it may belong to you or someone you know!