Thousands of Arkansans could soon receive unexpected checks in the mail under a new unclaimed property law. Act 114 of 2025 allows the state auditor to automatically mail payments of $5,000 or less to in-state residents if ownership can be verified no claims form required.
The auditor’s office holds about $400 million in unclaimed property from sources such as abandoned bank accounts, insurance adjustments, and uncashed paychecks. With the new law, officials expect to return about $83 million to roughly 360,000 people in the coming months. The average payment is just over $100, though amounts vary.
Physical property, items over $5,000, or assets with multiple claimants still require the traditional claims process. Eligible recipients will first receive a letter notifying them of the payment, followed by a check if the letter is not returned.
Arkansans can also search the state’s unclaimed property database to see if they are owed money.
For the complete story on these latest changes visit this article with The Arkansas Advocate.
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