Specifications include, but are not limited to: provide in-state and/or out-of-state unclaimed property examination services. The State of Vermont Treasurer administers the Unclaimed Property Program in accordance with 27 V.S.A. Chapter 18 (“State of Vermont’s Unclaimed Property Laws”). The Program provides that businesses and other entities report and remit unclaimed property to the State. Within the context of this law, unclaimed property may consist of property such as cash, outstanding checks, dormant checking/saving accounts, safe deposit box contents, stocks, bonds, mutual funds and other general ledger or outstanding liabilities due or owing a person, business or entity as defined in the unclaimed property law. The Treasurer serves as the custodian of these properties until they are returned to the rightful owner. Currently, the Vermont Unclaimed Property database of approximately 990,000 owner records represents over $110 million in assets.
