Another Record-Breaking Year for Nevada’s Unclaimed Property Department
According to an article in the Record-Courier of Nevada, the Nevada State Treasurer, Unclaimed Property Division set a number of records last year with respect to unclaimed property. According to the Record-Courier, the Treasurer’s office transferred more than $83 million in unclaimed property collections to the state’s general fund. Not only did Nevada reach a record high in collections, however, it paid out more than $32.8 million in claims — another state record.
If recent trends are any indication, these records may not stand for very long. Nevada’s previous records for transfer to the state’s general fund ($66 million) and paid claims ($25.3 million) were both set last year.