Record number of NC Cash claims paid

In this Jan. 21, 2020 file photo, dollar bills have been dropped into a tip jar at a carwash in the Brooklyn borough of New York. (AP Photo/Mark Lennihan, File)

The Unclaimed Property Division of the Department of State Treasurer announced that it had exceeded 125,000 claims paid amounting to almost $70.5 million during the 2021 fiscal year. Both the number of claims paid, and the total amount claimed, represent a historical record for UPD.

“It’s amazing what NCCash has accomplished over the past year,” State Treasurer Dale Folwell said. “Let’s remember that this incredible performance was done during a difficult time dealing with the challenges surrounding the pandemic.”

In 2020, the division paid out 56,787 claims valued at $39,900,902. In 2021, claims paid were 125,134 for $70,447,815. That represents a 120% increase in the number of claims paid and a 77% increase in the dollar amount.

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