The Unclaimed Property Division of the Vermont State Treasurer Office reunites Vermont residents with lost and/or abandoned assets. During our fiscal 2015 year, we returned more than $5.11 million to current and former residents.
What is Unclaimed Property?
One standard defintion for unclaimed property: any type of financial asset owed to an individual, business, agency, nonprofit, etc. and in possession of a holder for a specified amount of time without any contact from the “owner” (individual owed the credit, refund, rebate, etc.).
Banks, credit unions, corporations, utilities, insurance agencies, retailers, states and state agencies, brokerage houses and other entities annually report forgotten bank accounts, uncashed pay checks, unrefunded security deposits, stocks returned by the US Postal Service, mutual funds, IRAs and and even the contents of safe deposit boxes to the unclaimed property departments in each of the 50 states in the United States of America, as well as in the District of Columbia, Canada, Puerto Rico and the US Virgin Islands. The Vermont State Treasurer Office receives these assets and safeguards them until claimed by rightful owners or heirs.
How Much is Returned?
In fiscal year 2015, the Unclaimed Property Division of the State Treasurer Office disbursed more than $5.11 million through 13,107 individual claims. The average claim paid was $389. This represents cash only; it excludes equities or mutual fund distributions. For the 10-year period ending fiscal year 2013, including distribution of mutual funds and equities, the State’s average return rate was 54.77 percent.
Businesses and Non-Profit Organizations Have Unclaimed Property Too.
Businesses and non-profit organizations also have unclaimed property. Search for your business, place of worship or community organization to see if it is on the list. State Treasurer Beth Pearce personally delivered checks to several non-profit organizations during a recent outreach effort. More
Reclaiming Your Property is a Free Consumer-Protection Service.
It only takes a moment to search and see if we have any unclaimed property in your name. Questions? Send an email to email@example.com or call (802) 828-2407 (800/642-3191 – toll-free in Vermont only). We are always happy to assist you.
Which State Statutes Govern Vermont Unclaimed Property?
All processes for reporting and disbursing unclaimed assets are guided by Vermont Statutes Title 27: Property, Chapter 14: Unclaimed Property.
Stay Informed About Unclaimed Property.
Searching for a lost life insurance policy or payment? Use this Web page to search for lost benefits.
Some Web sites and phone solicitors claiming to want to assist you in obtaining the return your abandoned assets can be fraudulent. Review these helpful tips to evaluate such offers and avoid being defrauded.
To Whom It May Concern:
In November 2016, the Clean Energy Development Fund (CEDF) and Air Quality and Climate Division introduced a wood stove change-out incentive. This financial incentive will encourage Vermonters to replace their old non EPA-certified stoves with cleaner heating systems, and will require that the old stoves are properly recycled or disposed of at a solid waste district, licensed salvage yard or certified recycling facility.
As part of the incentive offer, participating retailers will need to bring the old stoves to a certified recycling facility, licensed salvage yard or solid waste district either to be recycled or disposed of in accordance with applicable law. These stoves may be used for salvage material and/or scrap metal. However, these stoves cannot be reused or resold for intended use as a wood boiler of any kind. Participating facilities will be asked to act as final receivers of the stoves and to sign the Final Project Documentation and Incentive Request Form (presented by the retailer) to verify that a stove has been received. The retailer will be responsible for all other documentation.
To assist participating retailers in implementing the wood stove change-out incentive, the Renewable Energy Resource Center (RERC), which is administering the program, is compiling a list of facilities where stoves can be recycled or disposed of in accordance with applicable law. If you are interested in being listed as a participating facility, please contact the Program Manager, Allison Fode, at firstname.lastname@example.org or (802) 540-7859 at your earliest convenience. You may also visit our website at www.rerc-vt.org for more information about the program (information will be posted by the end of today on our Application Forms page).
This incentive is provided through the Small Scale Renewable Energy Incentive Program (SSREIP) of the CEDF with additional funding from the Department of Environmental Conservations, Division of Air Quality & Climate and is administered by the RERC. If you have any questions, please contact us at your earliest convenience. We thank you for your assistance and look forward to working with you to implement Vermont’s wood stove change-out incentive!
Renewable Energy Resource Center
Vermont Energy Investment Corporation
128 Lakeside Avenue
Burlington, VT 05401
Direct: (802) 540-7859