Local news- Press Release
DANVILLE VI - Treasury staff to help citizens find missing money 01 June 2022 ( news )
DANVILLE , state VI ( By Press Release office)
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The City of Danville Treasurer’s Office will be hosting a virtual call event with the Virginia Department of the Treasury’s Unclaimed Property office to assist citizens with looking for money that may be owed to them . On Thursday , June 2 , and Friday , June 3 , from 10 a . m . to 4 p . m . , citizens will be able to call the toll - free event phone number , 1 - 833 - 302 - 0704 , and speak to a Treasury representative to assist them in their search .
Virginia’s consumer protection law requires businesses to escheat/report unclaimed property over to the state , relieving the business of the financial liability . Virginia holds the property as the custodian until the rightful owner , or heir , files a claim .
More than $1 billion has been paid out to Virginians since this program was started in 1961 . Unclaimed property consists of “abandoned assets or accounts” which are considered dormant due to inactivity and can include utility deposits , customer refunds , unpaid wages , money from insurance policies , securities and investments , bank accounts , and tangible property . Property becomes unclaimed when the holder company has not had contact with the owner of the property for a specified period of time .
These call events are held to aid citizens in searching and starting the claim process . Virginians can also easily search the Commonwealth’s unclaimed property database by visiting
VaMoneySearch . org
. This free website allows individuals to search the Commonwealth’s unclaimed property database and download a claim form .
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