State sends $8M to 12K residents—billions more remain in unclaimed property

By Shannon Ogden | Denver7

DENVER — Colorado, you have some money coming to you.

The Colorado Department of the Treasury is mailing $8 million in unclaimed property to 12,000 Coloradans.

The checks will arrive in the next few weeks and can be cashed immediately without further action.

Twice yearly, companies transfer assets to the Department of Treasury when they can’t locate the owners. The state said it currently holds more than $2 billion in unclaimed funds owed to 15 million people or entities.

State Treasurer Dave Young said this round of checks includes some sizeable payouts.

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