Maine State Treasurer Unclaimed Property – Augusta, ME

Recovering Lost Financial Assets

The Maine State Treasurer’s Unclaimed Property Program is located on the 3rd floor of the Burton M. Cross Building at 111 Sewall Street. This division is dedicated to reuniting Maine residents and businesses with their lost or forgotten financial assets. The program holds millions of dollars in unclaimed funds, which are turned over by businesses and financial institutions when they lose contact with the owner for a specific period of time (dormancy period).

Search and Claim Process

Claiming your property is a free service provided by the state. Residents are encouraged to search the official online database for their name, their business, or the names of deceased relatives. Common types of unclaimed property include:

• Financial Accounts: Dormant savings and checking accounts, certificates of deposit (CDs).
• Checks: Uncashed payroll checks, refund checks, and money orders.
• Insurance and Investments: Life insurance policy proceeds, stocks, bonds, and mutual funds.
• Safe Deposit Boxes: Tangible items and contents removed from inactive safe deposit boxes.

Filing a Claim

If you find property listed in your name, you can initiate a claim directly through the website. The process involves:

• Verification: Providing proof of identity (driver’s license, social security number) and proof of ownership of the address or asset associated with the claim.
• Heirfinder Services: While commercial heirfinders exist, the Treasurer’s Office emphasizes that you do not need to pay a fee to claim your own money.

Holder Reporting

Businesses and organizations (holders) that are in possession of unclaimed financial assets are required by Maine law to report and remit these funds to the Treasurer’s Office annually. The division provides resources, manuals, and voluntary disclosure programs to assist holders in maintaining compliance with state statutes.