![]() To check for unclaimed property, visit /ICASH. In Illinois, the Treasurer’s office predates the state’s incorporation in 1818. Frerichs is the 74th person to serve in this role. He has been re-elected twice and started his third term in January 2023. We will hold onto unclaimed property as long as it takes to return it." Michael Frerichs (pronounced FREH-ricks) was first elected Illinois State Treasurer on Nov. "Putting money in people's pockets is a way to help the state's economy. "I place a priority on reuniting people with money that belongs to them," Frerichs said. For example, if you are the owner of the property, please select ‘Owner’ if you are an. The State holds these lost funds until they are claimed by. Select your ‘Relationship to Owner’ for each property you are claiming. The State Treasurer is holding more than 3.5 billion dollars in unclaimed funds for Illinoisans. This should include your current mailing address as it will be the address where the funds are mailed. RELATED: Illinois State Treasurer's Office holds online auction for more than 400 unclaimed items Complete your information as the claimant. These assets include overlooked safe deposit boxes, unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. ![]() Illinois currently holds more than $3.5 billion in unclaimed property, Frerichs said. Note: The video in the player above is from a previous report. Unclaimed Property Search Unclaimed Properties Check the Status of a Claim Upload Claim Documentation. The Illinois State Treasurer's Office has returned $1.6 billion since Frerichs took office in 2015. From the State Treasurer Forms and Instructions History Glossary of Terms Success Stories Stats and Facts Interest Rates Chart Unclaimed Property Law. How To Find Illinois Unclaimed Money The Illinois State Treasurer's Office maintains an official searchable database of unclaimed money. 1 by announcing a virtual unclaimed property auction next week. As of December 2021, the Illinois State Treasurer's Office reports over 3.5 billion dollars worth of unclaimed property and unclaimed money, waiting for the rightful owners to submit a claim. Over 11,000 claims were paid during the month of March. (WCIA) Illinois Treasurer Mike Frerichs is celebrating National Unclaimed Property Day on Feb. § 1715) JMinute Entry Granting Motion for Preliminary Approval and Setting Hearing Date. CAFA Notice Materials (Notice Provided to the Attorneys General of the States Pursuant to 28 U.S.C. Plaintiffs Memorandum in Support of Their Motion for Preliminary Approval. The average paid claim is $2,900.On National Unclaimed Property Day, the Illinois Treasurer's Office wants residents to check if they have any cash or property that belongs to them.ĬHICAGO (WLS) - Illinois State Treasurer Michael Frerichs has announced that $22.7 million in unclaimed property was returned to their rightful owners last month. Plaintiffs Motion for Preliminary Approval. The Illinois State Treasurers Office connects people with their cash and other. To search the unclaimed property database, go to One in four searches results in finding unclaimed property. ![]() The funds are kept and are available to be distributed to the rightful owner or heir. Illinois Treasurers ICASH Illinois’ unclaimed property program also known as ICash - is one of the state’s oldest consumer protection initiatives. If the property goes unclaimed for ten years, the items are auctioned. In Illinois, the State Treasurer is tasked with safeguarding unclaimed property, such as unpaid life insurance benefits, forgotten bank accounts, and unused rebate cards. The Illinois State Treasurer’s office holds more than $2 billion of unclaimed property including lost bank accounts, contents of safe deposit boxes, and proceeds from unclaimed insurance policies of deceased individuals. Illinois Treasurer's ICASH Illinois’ unclaimed property program also known as ICash - is one of the state’s oldest consumer protection initiatives. The State holds these lost funds until they are claimed by either the. A federal judge on Thursday approved a settlement which now requires the state of Illinois to pay interest on unclaimed money it holds to the residents who rightfully own and. Items which did not meet a pre-determined minimum bid will be available for future auctions. The State Treasurer is holding 2.5 billion dollars in unclaimed funds for Illinoisans. gold bar that sold for $4,850 and an 1856 Flying Eagle Penny that sold for $9,000.Īll auction items had been appraised prior to the August 20 auction. Proceeds from the auction totaled $171,550.Īuction items of note included a $1,000 bill that sold for $2,200 Ernie Banks and Al Kaline rookie baseball cards that sold for $600 a 4.36 oz. Frerichs has reported that the Auglive auction of unclaimed property drew more than one hundred bidders from across the United States.
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