Every state has an office that is in charge of keeping records and distributing payments that have been left unclaimed.
According to the Staten Island Advance, the office of New York’s state comptroller, Thomas DiNapoli, now has $17.5 billion in unclaimed monies in its possession.
This money is available to be claimed at any moment and belongs to the inhabitants of the state. In point of fact, residents of Staten Island are entitled to a portion of the aforementioned $113 million in unclaimed monies in the state of New York.
Where Do the Monies Originate, Exactly?
The money comes from a variety of places, including bank accounts that have been forgotten about, unclaimed insurance money, and court settlements. The vast majority of people are unaware that they may be entitled to receive this cash as a possible debt.
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For instance, persons who are responsible for the debt may not have received notices from banks or other institutions because of a change in address or because of other factors.
The Money is Held by the Comptroller of the State.
Because there are so many dollars that have not been claimed, the office of the New York state comptroller is entirely devoted to the task of locating the rightful owners and giving them their money back.
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Since the money should properly belong to these individuals, the objective is to give it back to as many of them as possible. Already in 2018, the office has distributed more than 59 million dollars in previously unclaimed monies.
Instructions on How to Access Your Funds
Visit the website of the New York State Comptroller’s Office to see whether or not you are entitled to any unclaimed monies.
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To begin your search, click the “Search Now” button once you are there. After that, you will be able to search the database using your last name or, if you are part of a company, the name of your organization.