Scavello Encourages Monroe County Residents to Collect Owed Money
MOUNT POCONO — Pushing to put money back into the hands of rightful owners, Rep. Mario Scavello (R-Monroe) urges Monroe County residents to check the state Treasury Department’s database to see if they’re on the list of residents who are owed money through their unclaimed property.
“Every year, Pennsylvania’s Treasury receives millions of dollars in unclaimed property from all sorts of entities. During a time when Pennsylvanians are strapped for cash and gas prices are spiking, it’s important that residents pocket every cent they’re entitled to,” said Scavello.
Unclaimed property is any financial asset that has been left with a “holder,” such as a bank, insurance company or other business or organization, without activity or contact for a period of about five years.
The most common types of unclaimed property are savings or checking accounts, stocks, dividends, checks that have not been cashed, certificates of deposit, unclaimed insurance benefits, expired gift certificates and items abandoned in safe deposit boxes and held in police department stolen-property files.
By law, at the end of the five-year period, holders must transfer abandoned property to the Treasury Department.
An estimated one in 10 Pennsylvanians are the holders of unclaimed property, said Scavello.
Residents whose names appear on the published lists can visit the Treasury’s website at www.patreasury.org
or call 1-800-222-2046 to complete the necessary claim forms.
The Treasury is also urging residents who aren’t included on the list to search for their names in the database.
For more information, visit Scavello’s webpage at www.RepScavello.com
or contact any of his district offices at (570) 839-0313 or (570) 420-1168.
State Representative Mario Scavello
176th District, Pennsylvania House of Representatives
Media Contact: Lauren Whetzel