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State Treasurer Announces First LA-TX Unclaimed Property Partnership

State Treasurer Announces First LA-TX Unclaimed Property Partnership

The following information is from the Louisiana Department of Finance.

BATON ROUGE, La. (WAFB) – State Treasurer John M. Schroder has announced that two states will partner. First time for an Unclaimed Property event. Louisiana and Texas will join forces for this historic two-day event November 16 -17 to return goods and money to their rightful owners on both sides of the state border.

The November 16, Wednesday it will be an event Southwest Louisiana Center for Economic and Entrepreneurial Development (SEED) on the campus of McNeese State University in Lake Charles 10:00-17:00 good November 17, Thursdaywill be taken to the event Beaumont Public Library in Beaumont, TX 10:00-17:00 Unclaimed Property staff from both states will work together over two days to help the public. There is no cost to participate.

“I am very proud of the work my team and the Texas Unclaimed Property team from the Texas Comptroller Glenn Hegar’s office have done to plan the event,” said Schroder. “With so many travelers crossing the state line every day and so many moving back and forth between the two states, it only makes sense to collaborate on a special Unclaimed Property event.”

A preliminary data review found more than 19,000 cases where the same Social Security number appears in the Louisiana and Texas systems. Every year companies pay millions of dollars in unclaimed cash, stocks, bonds, securities and insurance to their respective State Treasurer’s or Comptroller’s Offices. Known as “unclaimed assets,” these funds include paychecks, old bank accounts, royalties, utility deposits, interest payments, stock certificates, and life insurance proceeds.

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“We look forward to seeing the results of sharing this event with a state that shares a border with us. If things go as planned, you will likely see more events crossing state lines in other directions,” Schroder added. “We have no doubt that joining our neighbor to the west, where everything is bigger, will have bigger claims and more takers than ever before.”

To see if you have unclaimed property or to learn more about this free Louisiana-Texas event, go here. LaCashClaim.org.

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