Office Locations 

District Address
2424 Bristol Road
Neshaminy Valley Commons
Bensalem, PA 19020
Telephone: (215) 750-1017
Fax: (215) 750-1295

Capitol Address
49 East Wing
PO Box 202018
Harrisburg, PA 17120-2018
Telephone: (717) 783-7319
Fax: (717) 772-2414

State Seeks Owners of $1 Billion in Unclaimed Property, Says DiGirolamo
6/24/2008
HARRISBURG – Rep. Gene DiGirolamo (R-Bucks) is reminding area residents to check and see if the state’s Bureau of Unclaimed Property has money for them.
 
According to the Pennsylvania Treasury Department, millions of dollars in unclaimed property comes into the bureau each year. Currently there is about $1 billion worth of unclaimed property.
 
The most common types of unclaimed property are dormant bank accounts, stocks and dividends, uncashed payroll checks, uncollected utility deposits, unredeemed gift certificates and items in safe deposit boxes. In fact, unclaimed property is any financial asset that has been left inactive for a period of about five years.
 
In an effort to return the property to those who rightfully own it, an online database was created in 2000 to make information more easily accessible. As a result, the Bureau of Unclaimed Property was able to return nearly $88.8 million to more than 63,000 owners in 2007 alone.
 
Officials are also cautioning individuals to be wary of services or “finders” who charge fees to help locate unclaimed property. Finders often charge the maximum amount allowed by law, up to 15 percent of the property’s value, for making use of the same online-databases that individuals can use free-of-charge.
 

For additional information on unclaimed property, visit DiGirolamo’s Web site at www.GeneDiGirolamo.com or call the Bureau of Unclaimed Property toll-free at 1-800-222-2046.

 

Rep. Gene DiGirolamo
18th District
Pennsylvania House of Representatives

(215) 750-1017
(717) 783-7319
Contact: Jennifer Algoe Keaton
(717) 705-2094
Caucus site: www.PAHouseGOP.com
FOR IMMEDIATE RELEASE
June 24, 2008