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. If the property goes unclaimed for ten years, the items are auctioned. Contributions are tax deductible for Illinois taxpayers (up to 10,000 for individuals and 20,000 for joint filers). After the form is submitted to the Office of the Illinois Treasurer, any changes to information on the form must be communicated in writing. A Representative from the Illinois State Treasurer Office will be on site at the. 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. Items which did not meet a pre-determined minimum bid will be available for future auctions. The Treasurer serves as the trustee of two Illinois 529 college savings plans. Frerichs is proud to help Illinois families save. 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. With college costs continuing to rise, Treasurer Michael W. Illinois Link Card - the card that allows you to spend your cash and SNAP benefits electronically. 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. An estimated one-in-four adults in Illinois who search the state's unclaimed property website, also known as iCash, find unclaimed property that should be returned to them.
Frerichs has reported that the Auglive auction of unclaimed property drew more than one hundred bidders from across the United States. Ken Griffin would probably add his name to Richard Irvin’s mailing list and we’d get double the junk.Illinois State Treasurer Michael W.
Agricultural professionals across the state have taken advantage of our below-market rates to help grow their farm. In addition to the Operating Line of Credit Loan Program, the Illinois State Treasurer’s Office began the Long-Term Loan Program in 2000. I would post the proof for the Pantagraph, but it has my husband’s name on the form. Since 1983, Ag Invest has loaned more than 4 billion in annual and long-term loans. How many extra staff has Frerichs hired to handle claims that should have never been claims? Heavily fine any business that turns over money when a claim proves the address has not changed.
Illinois creates lots of stupid laws, but here’s one they should pass: Require proof a business attempted to return the money to the rightful owner before turning it over to the State. It’s much easier to send it to Frerichs and make people jump through hoops to get their money back. Neither party even attempted to return the credit balance to the address listed on the account. ePAY is a full-service electronic payment program specifically designed for Illinois governments so they can quickly and securely receive monies through convenient. For inquiries on doing business with the Treasurer’s Office, click here. I search my Dad’s name, he has TWO “less than $100” in the same situation. The Illinois Treasurer oversees the State of Illinois’ investment portfolio and banking transactions. If an uncashed check (also called an escheated warrant) is located, the check replacement process can also be started here. To get it I have to fill out the form and submit documents to the Treasurer’s office including Social Security Number. This application allows taxpayers to learn whether they can claim an uncashed check worth more than 5, issued within the last ten years. The Pantagraph did not even attempt to refund the money to us. Our address as been the same since 1997, the claim form from the Treasurer’s office has our address correct. This form is approved by the Illinois Supreme Court and is required to be accepted.
The Pantagraph didn’t send a check to us, they sent it to the Treasurer’s office as Unclaimed Property. Find Illinois Supreme Court approved forms at. I remember being told it would “take awhile” to process. After only getting delivery occasionally I cancelled delivery and requested a refund. Years ago we subscribed to the Sunday only Pantagraph. Illinois Treasurer Michael Frerichs needs new authority to fine any business that sends your money to the State instead of refunding it directly to you.
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