Does the State of TN Have Your Money? Maybe!

Jul 26, 2016 at 10:00 am by bryan


People have called the Better Business Bureau to report letters they received claiming that they are owed money by the State of Tennessee.

The letters are in fact legitimate. Every year when the Department of Treasury gets a list of new unclaimed property, the department sends out letters to the last known address of the person who is the owner of the property.

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"The letters that went out are the first steps," spokeswoman Shelli King said. "We send these letters out to the last known address we have on file."

Even though it is called unclaimed "property," it is actually money. It can be utility deposits, investment revenue, or a number of other payments owed to Tennesseans that the company who owed the money could not return.

So far, 75,000 letters have gone out and about 150,000 more letters are going to go out to people.

It can be difficult to find the rightful owners because sometimes they have passed away or moved without leaving a forwarding address.

"These letters may not get to everyone they are intended to," King said. "So we take the social security number if we have it and match it to employment records."

She continued, "An individual could be called by their employer and be told you have unclaimed property with the Tennessee Department of the Treasury."

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