Finance Department
Unclaimed Property

What is unclaimed property?

The Finance Department works to return unclaimed property to the rightful owners. A check that has not been cashed after a certain period of time and a minimum amount of $100 is considered unclaimed property.

What attempts are made to find the rightful owners?

The Finance Department and the Treasurer's Office exercises "due diligence" in attempting to locate the rightful owner of the property. A first-class letter is sent to the owner's last known address informing them of the dormant status of their property. If this attempt is unsuccessful, a report including the money is sent to the State with the owners last known address.

How often is the county required to report and remit unclaimed property?

State law requires the County holding unclaimed property to remit money with a report to the State annually on November 1.  The report consists of monies unclaimed at June 30 immediately preceding that report year. VA Code Section 55-210-12(D).

How do I check to see if any unclaimed property belongs to me?

To see if the Commonwealth is holding your forgotten funds go to the following link for unclaimed property search:

https://www.trs.virginia.gov

 

Staff Contact:
Bonnie Waybright — Accounting Supervisor— 540-722-8289 — Email Bonnie

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