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Louisiana sets record with $70.9M in unclaimed property returned
['Misty Castile', 'The Center Square']
Just The News - Not The Noise
The total surpassed the previous record by about $700,000 and exceeded last year's amount by $1.6 million, according to the Louisiana State Treasurer's Office.
Fleming credited the milestone to the efforts of the office's Unclaimed Property Division.
Despite the record payouts, the state is still holding approximately $1.2 billion in unclaimed property awaiting its rightful owners.
According to the Treasurer's Office, roughly 1 in 6 Louisiana residents has unclaimed property, with the average claim valued at about $900.
Louisiana residents can search for unclaimed property at LaCashClaim.org using their name to determine whether they have money or other assets waiting to be claimed.