The Tennessee Department of Treasury (TDOT) said Wednesday that it returned more than $68 million in unclaimed property to Tennesseans in Fiscal Year 2023, a record for the state department.Â
“Unclaimed property is money that has been turned over to the State by businesses and organizations unable to locate the rightful owners, such as utility refunds, uncashed paychecks, credit balances for overpayments, rental deposit refunds, gift certificates, securities, and abandoned bank accounts,” the department explained. “The Unclaimed Property program is a consumer protection program of the Department of Treasury that works to reunite this missing money with its rightful owner.”
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