Rep. Jackie Haas (R-Kankakee) aims to reunite her 79th District constituents with their unclaimed property at no cost to them. | Photo Courtesy of Jackie Haas website
Rep. Jackie Haas (R-Kankakee) aims to reunite her 79th District constituents with their unclaimed property at no cost to them. | Photo Courtesy of Jackie Haas website
State Representative Jackie Haas (R-Kankakee) wants to raise constituents' awareness about the Illinois Unclaimed Property service.
At the Illinois Unclaimed Property page, residents can check whether there is unclaimed property in their names or check the status of a claim.
"I am working with the Treasurer's Office to try and reunite residents of the 79th District with any unclaimed property they might have!" Haas posted to Facebook.
Unclaimed property ranges from checking and savings accounts, uncashed checks, stock dividends and stock certificates, insurance payments, utility deposits, customer deposits, accounts payable, credit balances, refund checks, money orders, traveler’s checks, mineral proceeds, court deposits, to uncashed death benefit checks and life insurance proceeds. The Illinois Treasurer's website also claims that over $1 billion in assets has been recovered by the program. Currently, the Treasurer's office holds over $3.5 billion in unclaimed funds, which will be held until they are claimed.
The money will be returned at no cost to the claimant as long as correct identification is used, according to the Illinois Treasurer's official website. A claim ID is needed to check a claim's status and a person's name or business name, city, zip code and property ID are needed to claim property. Unclaimed property can be accounts and financial instruments being held by corporations, financial institutions, financial intermediaries, courts or life insurance companies, that can become dormant after a set period of time.
Typical types of unclaimed property are checking and savings accounts, uncashed wage and payroll checks, uncashed stock dividends and stock certificates, insurance payments, utility deposits, customer deposits, accounts payable, credit balances, refund checks, money orders, traveler’s checks, mineral proceeds, court deposits, uncashed death benefit checks and life insurance proceeds, according to the Illinois Treasurer's website. Real estate and vehicles are not considered unclaimed property. Laws regarding unclaimed property originated as a consumer protection measure.
Haas was also recently selected to participate in the Edgar Fellows Program. The fellows converse with policy experts as a part of the program, according to a report from the Will County Gazette.
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