SC Treasurer breaks record for returning unclaimed property - FOX Carolina 21

SC Treasurer breaks record for returning unclaimed property

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Curtis Loftis (Courtesy: Facebook) Curtis Loftis (Courtesy: Facebook)
COLUMBIA, SC (FOX Carolina) -

South Carolina Treasurer Curtis Loftis announced that nearly $33 million in unclaimed property was returned in 2017.

In a press release Tuesday, Loftis praised the work of the Unclaimed Property Program for helping to identify people who have unclaimed money throughout the state. According to the Treasurer's Office, the annual amount of returned money has doubled under Loftis' administration with a total of over $137 million returned since he took office in 2011. Loftis says this is more than all previous treasurers combined.

Unclaimed property includes dormant bank accounts, stock certificates, uncashed checks, insurance proceeds, and utility deposits. However, the Unclaimed Property Program does not hold tangible property such as land or vehicles.

Despite the numbers, Loftis says there is still $550 million in unclaimed funds. "Everyone should check their name to see if they have unclaimed property. You might not even know that you have money waiting for you," said Loftis.

Anyone who wants to find out whether they have unclaimed property can visit the SC Treasurer's website.

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