State Treasurer David H. Lillard, Jr. has returned $5,509.11 in Unclaimed Property to Dunlap’s Mayor, Clint Huth, on behalf of the City of Dunlap.
Unclaimed property is money turned over to the State by businesses and organizations that could not locate the rightful owner. The Unclaimed Property Division is a consumer protection program of the Tennessee Department of Treasury that works to reunite the millions of missing dollars turned over every year with their rightful owners.
The money returned to the City of Dunlap represents 17 unclaimed properties, which included vendor checks, refunds, accounts receivable credit balances, and insurance benefits. The funds were turned over to the State during the past year.
“The City of Dunlap would like to thank the State of Tennessee and the Department of Treasury for the large check we just received for Unclaimed Property,” Mayor Huth said. “I would just like to pass along to our residents – not just here in our community, but across the state – there’s unclaimed property out there that’s eligible to the rightful owners, and all you need to do is get on ClaimItTN.gov and search your name and see if you’re entitled to any of these funds. Maybe you are. You might be missing out on a gold mine.”
Legislation passed by the General Assembly in 2017 allows for greater efficiency in reporting and returning unclaimed property to Tennesseans. This law includes a provision Treasurer Lillard is particularly proud of: it allows his office to return missing money to local governments and Tennessee schools without requiring them to file a claim.
Each year, businesses turn over thousands of unclaimed properties to the State. Last year, more than a million pieces of property were turned over from businesses. The Unclaimed Property Division returned 78,305 claims, totaling $62.6 million, to the rightful owners during fiscal year 2024. In Sequatchie County, there are over 12,767 instances of Unclaimed Property, totaling more than $549,000, waiting to be claimed.
“I am grateful to our General Assembly for supporting the Unclaimed Property program, giving Treasury the ability to put money back into the hands of local governments proactively,” Treasurer Lillard said. “The support of these legislators has allowed us to increase efficiency and return more money to your communities.”
Anyone can see if they are owed any missing money by searching their name at ClaimItTN.gov, and may file a claim online if they find unclaimed property belonging to them.