Des Moines, Iowa – State Treasurer Michael L. Fitzgerald announced today that a stop at the Great Iowa Treasure Hunt booth during the 2012 Clay County Fair may be worthwhile, as fair goers could find their name -- over one million accounts are currently being held as unclaimed property. “The Clay County Fair has always been a very successful way to reach people who may have money in the Great Iowa Treasure Hunt,” Fitzgerald said. “Computers will be available for people to search for their names or for someone they know.”
The Great Iowa Treasure Hunt program has returned over $149 million in unclaimed property to more than 374,000 individuals since Fitzgerald created it in 1983. Unclaimed property refers to money and other assets held by financial institutions or companies that have lost contact with the property’s owner for a specific period of time. State law requires these institutions and companies to annually report and deliver unclaimed property to the State Treasurer’s Office. The assets are then held until the owner or heir of the property is found. Common forms of unclaimed property include savings or checking accounts, stocks, uncashed checks, life insurance policies, utility security deposits, and safe deposit box contents.
The Great Iowa Treasure Hunt and College Savings will be hosting a booth during the Clay County Fair in the Varied Industries Building. Staff members will also be on hand to assist in printing claim forms and answering questions about both programs. The building will be open from 9 a.m. to 8 p.m. September 8 through September 15 and 9 a.m. to 6:30 p.m. on September 16. For more information about the Great Iowa Treasure Hunt, please visit www.greatiowatreasurehunt.com. Treasure seekers may also write to State Treasurer Michael L. Fitzgerald, Great Iowa Treasure Hunt, Lucas State Office Building, Des Moines, IA 50319 or correspond by email to firstname.lastname@example.org.