Unclaimed funds search at Portland Town Hall Tuesday
BROCTON – One of the more recognizable slogans for the New York State Lottery has been, “Hey, you never know.”
Town of Portland residents who may not know they have funds other than lottery winnings in their name can check it out on Tuesday. Representatives from the New York State Comptroller’s Office will be at the Portland Town Hall from 10 a.m. to about noon, longer if needed, to assist residents in claiming any unclaimed funds that have been issued in their name.
Typically, unclaimed funds are the result of account overpayments, stock dividends, insurance payouts, among other circumstances, and are often sitting and waiting to be claimed for years.
While attending the annual meeting for the New York State Association of Towns this year, Portland Councilman Rick Manzella learned of the opportunity for residents to claim rightfully due funds and decided to host an informational session with state representatives for Portland residents.
Residents will only need to provide their last name to search for any unclaimed funds, and can search on Tuesday with the assistance of the representatives from the Comptroller’s office, or they can log onto the office’s official website and walk through a general search.
As of this week, the Office of New York State Comptroller Thomas P. DiNapoli holds over $10 billion in unclaimed funds that are due to New York state residents.
To learn more about whether you have unclaimed funds in your name waiting to be claimed, you may visit the official website at www.osc.state.ny.us or residents may call the Office of Unclaimed Funds at 1-800-221-9311 between the hours of 8 a.m. and 4:30 p.m. Monday through Friday.
Claimants are advised that in order to expedite the processing of their claims, they will need: their full name and current mailing address; their Social Security Number; and their relationship to the address listed for the involved account.
Residents may also inquire by mail to: Office of the State Comptroller, c/o Office of Unclaimed Funds, 110 State St., Albany, N.Y., 12236.
In order to keep funds from being abandoned, DiNapoli reminds New York residents to: keep their accounts active, making small deposits or withdrawals regularly; to timely cash all utility deposit, dividend, insurance premium or payroll checks; to keep accurate financial records, including records pertaining to stock certificates, insurance policies, rent payments and safe deposit accounts; to tell a trusted family member or friend or financial advisor where you store your financial records; and to always notify all financial institutions of any change in address.
No appointment is necessary to attend the information session on Tuesday.
Town residents are asked to arrive promptly between the hours of 10 a.m. and noon.