Treasurer Stacy Garrity announced that Pennsylvania will receive over $20 million in unclaimed property as a result of a settlement with MoneyGram. The settlement resolves claims that MoneyGram had violated Pennsylvania’s unclaimed property law by failing to turn over unclaimed funds to the state. The funds include uncashed money orders, checks, and other financial instruments that were never claimed by their rightful owners.
Garrity urged Pennsylvanians to check the state’s unclaimed property database to see if they are owed any money from the settlement. She noted that the funds belong to individuals, businesses, and organizations who may have forgotten about them or never received them in the first place. The treasurer emphasized that it is important for people to claim what is rightfully theirs.
The settlement with MoneyGram is part of Pennsylvania’s ongoing efforts to reunite residents with their unclaimed property. The state holds billions of dollars in unclaimed funds from sources such as forgotten bank accounts, uncashed paychecks, and insurance policies. Garrity has made it a priority to return this money to its rightful owners and streamline the process for claiming it.
Garrity stated that she is committed to ensuring transparency and accountability in the handling of unclaimed property in Pennsylvania. She encouraged anyone who believes they may be entitled to unclaimed funds to check the state’s database and file a claim. By doing so, individuals can potentially recover money that they may not have realized was owed to them.
Overall, the settlement with MoneyGram will bring a significant amount of unclaimed property to Pennsylvania, providing residents with the opportunity to reclaim funds that are rightfully theirs. Garrity’s efforts to reunite individuals with their unclaimed property align with her commitment to serving the people of Pennsylvania and promoting financial integrity in the state.
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