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August/September 2023

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TREASURY NOTES<br />

LA Treasury Unclaimed Property, LA Wallet Team Up to<br />

Reunite Citizens with Lost Money<br />

I am a firm believer that priority<br />

should be placed on what<br />

is most convenient for taxpayers,<br />

not on what’s easiest<br />

for government. As elected<br />

officials and government employees,<br />

we work for them –<br />

not the other way around.<br />

Treasury is always on the<br />

lookout for ways to benefit<br />

citizens. I have long been calling<br />

for expanded electronic<br />

options for government to<br />

accept payments such as Paypal,<br />

Venmo, and Cash App. I’ve<br />

also advocated for responsible<br />

electronic meetings for<br />

boards and commissions as<br />

Building roadmaps from right now<br />

to what's next<br />

CONTACT<br />

ANITA TILLMAN<br />

800-920-9826 EXT 700<br />

WWW.TEAMAMCORP.COM<br />

We help you find your<br />

voice, own your<br />

narrative, and captivate<br />

the right audience.<br />

Messaging<br />

Crisis Communication<br />

Speechwriting<br />

Transition Management<br />

Social Media Management<br />

Strategic Planning<br />

Publication Development<br />

Outreach<br />

Process Improvement<br />

Communication Training<br />

legal for the conducting of<br />

business. This is not only more<br />

convenient for board members<br />

and savings for the state<br />

in terms of travel expenses,<br />

but it’s also about greater access<br />

and convenience for citizens<br />

who no longer must travel<br />

to Baton Rouge to attend<br />

meetings and participate in<br />

government. A bill this past<br />

Legislative Session will make<br />

this a reality once all the procedures<br />

are in place.<br />

I’m proud to announce that<br />

Treasury has found an additional<br />

way that Unclaimed<br />

Property can assist citizens.<br />

A groundbreaking partnership<br />

between the Louisiana<br />

Treasury Unclaimed Property<br />

Program and LA Wallet, the<br />

state’s leading digital identification<br />

platform, streamlines<br />

the process of reconnecting<br />

Louisiana citizens with their<br />

unclaimed property. The LA<br />

Wallet app, which is utilized<br />

by over 1 million Louisianans<br />

for driver’s license and<br />

identification purposes, now<br />

also features an easy-to-use<br />

Unclaimed Property search,<br />

enabling users to effortlessly<br />

check for unclaimed assets in<br />

their name.<br />

Nowadays people can run<br />

their households and sometimes<br />

even their businesses<br />

from their cell phones. An<br />

app-based solution for accessing<br />

unclaimed property<br />

makes perfect sense. The<br />

LA Wallet app with the Unclaimed<br />

Property component<br />

securely harnesses the power<br />

of technology in order to simplify<br />

the process for citizens,<br />

allowing them to reclaim their<br />

lost funds with ease.<br />

John Schroder,<br />

State Treasurer<br />

Envoc President Calvin Fabre,<br />

co-founder of LA Wallet,<br />

shared his thoughts on the<br />

collaboration, stating, “We are<br />

thrilled to be part of this process.<br />

Address discrepancies<br />

have historically been a major<br />

reason why unclaimed property<br />

remains uncollected. By<br />

incorporating the Unclaimed<br />

Property search feature in the<br />

LA Wallet app, we can assist in<br />

returning money to the rightful<br />

owners.”<br />

Unclaimed property includes<br />

uncollected funds from payroll<br />

checks, old bank accounts,<br />

royalties, utility deposits, interest<br />

payments, stock certificates,<br />

and life insurance proceeds.<br />

One in six individuals<br />

in Louisiana has unclaimed<br />

property, with average claims<br />

amounting to $900. There is<br />

currently $1 billion waiting to<br />

be claimed.<br />

Checking for your unclaimed<br />

property is easy through<br />

LaCashClaim.org, calling the<br />

Treasury’s Unclaimed Property<br />

Division at 888-925-4127<br />

(Monday through Friday, 10<br />

a.m. to 3 p.m.), and now by<br />

also checking within the LA<br />

Wallet app. There is no charge<br />

to utilize the LA Wallet app,<br />

which is available on both Apple<br />

and Google.<br />

LMR | AUGUST/SEPTEMBER <strong>2023</strong> Page 7

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