Assemblyman Brindisi to Host Unclaimed Funds Events in Utica and Rome

April 20, 2012

Utica – Assemblyman Anthony Brindisi (D -Utica) and State Comptroller Thomas P. DiNapoli will host a free Unclaimed Funds event in both Utica and Rome on Friday, April 27th to allow area residents the chance to find out if they are entitled to any unclaimed funds that are now being held by the State of New York.

The events take place on April 27th from 10 a.m. to 12 noon at the Utica Public Library, 303 Genesee Street, and form 2 to 4 p.m. at the Jervis Public Library in Rome at 613 N. Washington St.

“I am pleased that Comptroller DiNapoli will be sending staff to Utica and Rome to work with any area residents that may have money owed to them from the state,” Brindisi said. “I want to thank the Comptroller and his staff for making this event possible. It is my hope that this event will allow a number of people to receive some extra cash they are entitled to.”

“New York has $11 Billion in unclaimed fund accounts and we want to return this money to its rightful owners,” Comptroller Thomas P. DiNapoli said. “Working with Assemblyman Brindisi, we are hoping to connect people with their unclaimed funds through this quick, free and easy process. I encourage residents of the Utica-Rome area to take advantage of this opportunity.”

For the protection of New York State residents, banks, insurance companies, utilities, investment companies, and many other businesses are required under state law to surrender inactive accounts to the state. These accounts are known as ‘lost,’ ‘abandoned’ or ‘unclaimed’ funds. The majority of these funds (35 percent) come from banks.

The State Comptroller’s office serves as custodian of this money, and if a resident can prove they are entitled to it, they will receive it at any time without charge.

Last year, $701 Million in cash was received by the State Comptroller, while $296 Million was paid. More than 600,000 accounts were claimed and processed – with over 60 percent claimed online. The refund can amount to thousands of dollars that residents did not know they had access to. Each claim varies on the type of account and its ownership status.

For more information on this event, please contact Brindisi’s district office at (315) 732-1055.