John Fleming Promotes Unclaimed Property Checks

By: Ark-La-Tex Staff Writer

Louisiana State Treasurer Dr. John Fleming visited Shreveport on May 27, 2025, to inform residents about the upcoming distribution of unclaimed property checks. The initiative aims to return over $34 million to Louisianans whose funds have been held by the state due to unclaimed bank accounts, utility deposits, and other financial assets.

Details of the Distribution
According to Treasurer Fleming, approximately 143,000 checks totaling more than $34 million are scheduled to be mailed out starting May 30. These checks are part of the state's ongoing efforts to reunite residents with their unclaimed property. Fleming emphasized the importance of cashing these checks promptly, stating, "Don't throw it away. Cash it, keep it, but do not throw it away."

For claims exceeding the automatic check limit, recipients will receive claim forms with instructions to verify their identity. Fleming noted that outdated addresses often contribute to unclaimed funds and encouraged residents to ensure their contact information is up to date.

Pros and Cons of the Initiative
Pros:
Financial Relief for Residents: The distribution provides a significant financial boost to many residents, especially those who may have been unaware of the unclaimed funds.
Increased Awareness: The initiative raises awareness about the state's unclaimed property program, encouraging more residents to check if they are owed money.
Economic Stimulus: The influx of funds into the community can stimulate local economies, as recipients may spend the money on goods and services.

Cons:
Potential for Fraud: The large-scale distribution could attract fraudulent activities, with scammers attempting to intercept or impersonate officials to claim funds.
Administrative Challenges: Managing the verification process for claims exceeding the automatic check limit may require significant resources and time.
Uneven Awareness: Not all residents may be aware of the initiative, potentially leading to some individuals missing out on funds they are entitled to.

Looking Ahead
Treasurer Fleming's visit underscores the state's commitment to transparency and accountability in managing public funds. Residents are encouraged to visit LaCashClaim.org to check if they have unclaimed property and to ensure their contact information is current to receive any owed funds.

As the distribution progresses, the state plans to continue its outreach efforts to ensure all eligible residents are informed and able to claim their property.