DENVER (KDVR) — The State of Colorado is holding more than $1.5 billion in unclaimed property.
According to the state treasury, $677,064,160 has been returned since the unclaimed property program began in 1987.
There is a list of over 7.6 million names and businesses that have unclaimed property, according to Colorado State Treasurer Dave Young.
Some of that could be yours.
Anyone can search for their name to see if the state has anything that might belong to them.
How does the state end up with unclaimed property?
Money and tangible property are turned over to the state treasury for safekeeping for a variety of reasons, with the ultimate goal of returning the lost or forgotten assets to their rightful owner.
Sometimes businesses lose track of property or payments, and that’s one way that your money might up in unclaimed property, according to the Colorado Unclaimed Property Division.
How to see if you have unclaimed property
Some of those assets in the state’s possession might belong to residents, schools, hospitals, small businesses and corporations.
You can search your name on the website to see what assets might be waiting for you. Results will bring up information about how much is in each claim and where it is coming from.
How to file a claim
If you find a property that you think might belong to you, the next step is to file a claim.
First, select your claimant relationship for each listing. This may be the owner, heir, estate representative or business representative. Then, you’ll enter your information into a form corresponding to your claimant relationship.
That’s when you might get a popup window asking you to verify the address. Make sure this is current as that address is where any unclaimed property will be mailed.
Click submit to make your claim official. At that point you’ll receive a claim number — snap a photo, write it down or keep it safe somehow because you may want it later.
Gather necessary documents
Property cannot be claimed based on name alone, evidence of claimant relationship is required. This may vary from claim to claim.
Each claim requires a copy of a photo ID and a social security number. Occasionally a notarized claim form may be required.
The documentation and requirements for your claim can be found under Section C of the claim form and will be outlined in a confirmation email that you will receive after submitting the claim.
You can upload those documents or mail them to the Great Colorado Payback Office located at 200 E. Colfax Ave. room 141 in Denver.
Tracking your claim
Once you have submitted the claim with documentation evidence, you can track your claim.
If you received a letter in the mail from the State of Colorado Department of the Treasury Unclaimed Property Division stating that you may have unclaimed funds that belong to you, the process is similar. You can simply search your name or use the details provided in the letter, which should include a property ID number and list the reporting company.