Tennessee Sends Out Unclaimed Funds Letters to Consumers

If you received a letter from the State of Tennessee notifying you that it is holding unclaimed funds or securities in your name, that letter is legitimate.

The Tennessee Department of Commerce & Insurance’s Division of Consumer Affairs wants consumers to be on the lookout for letters from the State of Tennessee indicating that they might have unclaimed funds. The State of Tennessee’s Treasury Department, Division of Unclaimed Property, has recently sent a mass mailing of letters to consumers for which they have a record of unclaimed property.

What are unclaimed funds? Unclaimed funds are intangible assets held by financial institutions or companies that have had no activity or account holder contact for a year or more. This may include savings or checking accounts, refunds, customer overpayments, contents of safe deposit boxes, stock certificates, unclaimed wages, gift certificates, etc.

To determine if you have unclaimed property on file with the State of Tennessee, you can visit the Unclaimed Property Division’s website at www.Treasury.TN.Gov/unclaim or call 615-741-6499. You can search for your name, and if property is found, you can quickly submit a claim for it. There is no fee to claim your property from the State of Tennessee.

The federal government also maintains a website to help consumers across the country search for unclaimed funds.