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11.5 Million Dollars Returned to Illinois Residents in July

Illinois State Treasurer Michael Frerichs has announced that his office returned 11.5 million dollars during the month of July. So far this year the treasurer's office has returned nearly 120 million dollars to the people of Illinois through over 103,000 claims.

 

I-CASH is Illinois’ unclaimed property program; it is one of the state's oldest consumer protection initiatives. Unclaimed property may include safety deposit boxes, unpaid life insurance benefits, forgotten bank accounts, and unused rebate cards. Illinois holds over 5 billion dollars in unclaimed property.

 

The Treasurer's office has returned more than 1.8 billion dollars since Frerichs took over in January 2015. The number of claims has increased from 60,000 to more than 200,000 claims a year under Frerichs. 

 

Illinois is the national leader in the unclaimed property space and is frequently turned to by other states when reforming unclaimed property laws, rules, and procedures.  

 

The Treasurer’s Office asks that people check icash.illinoistreasurer.gov at least 2 times a year for unclaimed property.
 

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