The Illinois State Treasurer's Office Connects People with Their Cash Icash Illinois Form
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People also ask
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What does the State Treasurer of Illinois do?
In Illinois, the Treasurer is the state's Chief Investment and Banking Officer. The office invests money on behalf of the state and local units of government. Frerichs also believes in providing individuals with financial tools so they can invest in themselves.
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What is the dormancy period for unclaimed property in Illinois?
In most situations 3 years is the dormancy period however refer to the Illinois Revised Unclaimed Property Act.
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Did the Illinois treasurer return $22.7 m in unclaimed property back to owners?
CHICAGO (WLS) -- Illinois State Treasurer Michael Frerichs has announced that $22.7 million in unclaimed property was returned to their rightful owners last month. Over 11,000 claims were paid during the month of March.
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What are the rules for unclaimed property in Illinois?
Generally, if the property in question has not had any activity within a certain period of time, e.g., three years for most properties, and the holder is unable to locate the property owner, it is considered abandoned and must be reported to the Unclaimed Property Division of the State Treasurer's Office.
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How do I see if I have unclaimed money in Illinois?
For more information, or to see if you have any unclaimed property, visit https://icash.illinoistreasurer.gov/
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What happens if the money is unclaimed?
Unclaimed funds are assets whose rightful owner cannot be located. Typically, unclaimed funds and other property are handed over to the state in which the assets are located. This happens after a dormancy period has passed. When unclaimed funds have risen in value, taxes may be assessed and be owed by the claimant.
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How do I see if I have unclaimed money in Illinois?
For more information, or to see if you have any unclaimed property, visit https://icash.illinoistreasurer.gov/
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How long does it take to get unclaimed money in Illinois?
Typically, all claims are reviewed in the date order received by our office. Processing time prior to receiving either your first communication or payment may be up to 12 weeks, dependent on the number of claims submitted to our office during the time frame your claim was received.
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