In an effort to reunite Hoosiers with their unclaimed property, the Indiana Attorney General's Office is partnering with Xerox's (NYSE:XRX) MissingMoney.com, the comprehensive database of governmental unclaimed property records endorsed by the National Association of Unclaimed Property Administrators (NAUPA).
Indiana aims to return $420 million worth of unclaimed property to more than one million people and businesses.
The property ranges from uncashed paychecks, stocks, mutual funds and bonds, to insurance policies, utility deposits, bank accounts and safe deposit box contents. Indiana is the 39th state to partner with MissingMoney.com to reunite owners with their unclaimed property.
Joining MissingMoney.com is Indiana's latest effort to spread the word about its unclaimed property and ease the process of returning funds to rightful owners. MissingMoney.com is the only website that works with U.S. states and Canadian provinces to help people quickly locate and claim amounts ranging from $50 to six figures at no cost.
"Surprising as it may seem, it's easy to lose track of money. We help states like Indiana reunite residents with the nearly $42 billion in unclaimed property being held by state unclaimed property programs," said David G. Lemoine, managing director, Finance and Revenue Solutions for Government and Transportation Solutions at Xerox.
Through its partnership with NAUPA, MissingMoney.com offers users a single, comprehensive search of its database of more than 65 million individual and business names across multiple states and provinces. Data is refreshed daily and new unclaimed properties are added weekly.
"Last year, Attorney General Greg Zoeller and our Unclaimed Property staff set a new state record by paying out more than $60 million in claims," said Indiana Unclaimed Property Director Bill Fulton. "We're looking forward to reuniting even more Hoosiers with their lost and forgotten funds in 2014 — and MissingMoney.com will help with that mission."
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