Contact Information 

District Office
1555 Highlands Drive
Suite 110
Lititz, PA 17543
Phone:  (717) 626-1776
FAX:  (717) 626-4234

Capitol Office
51A East Wing
PO Box 202097
Harrisburg PA 17120-2097
Phone: (717) 787-1776

E-Mail:  
smentzer@pahousegop.com

Is the State Holding Your Unclaimed Property?
11/1/2016
By State Rep. Steven Mentzer (R-Lititz)

Did you know the Commonwealth of Pennsylvania has about $2.3 billion in unclaimed property in its possession? Some of that money could be yours and it only takes a few minutes to find out.

Unclaimed property is defined as any financial asset that has been left with a “holder,” such as a bank, insurance company, public entity or other business, which are legally obligated to transfer it to the Pennsylvania Treasury if there has been no activity or contact by the owner for at least five years. The property remains available to be claimed by the owners or their heirs in perpetuity.

The most common types of unclaimed property are dormant bank accounts, stocks and dividends, certificates of deposit, uncashed payroll checks, uncollected utility deposits, unclaimed life insurance benefits, unredeemed gift certificates, and items abandoned in safe deposit boxes or held in police department stolen property files.

The Treasury is only required to advertise the names of people, businesses or organizations owed property valued in excess of $250. The names appear in the newspaper only one time, even though they may be owed multiple pieces of property.

However, there is another way to determine if the state is holding some of your money. The process is easy and free. In an effort to return the property to those who rightfully own it, an online database was created to make the information more easily accessible. To search for unclaimed property, go to the Treasury Department’s website, patreasury.gov, and follow the simple instructions.

Assistance is also available by calling the Bureau of Unclaimed Property toll-free at 1-800-222-2046, Monday through Friday, from 7:30 a.m. to 4:30 p.m., or by contacting my district office at (717) 626-1776.

State officials are cautioning individuals to be wary of services or “finders” that charge fees to help locate unclaimed property. Finders often charge the maximum amount allowed by law, which is up to 15 percent of the property’s value, for making use of the same online databases that individuals can use free of charge.
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