Lt. Governor’s Office Publishes Unclaimed Property List
Lieutenant Governor Gregory R. Francis announces the online publication of the Abandoned Property listing for 2008. The listing of abandoned properties can be viewed at the Lt. Governor’s website, www.ltg.gov.vi. The list details the names and last known address of individuals having accounts at banks and other financial services institutions that have been reported as unclaimed, meaning that the owner cannot be located after a specified period of time. The Office of the Lieutenant Governor, through the Division of Banking and Insurance, serves as the custodian of these unclaimed or abandoned properties.
Francis is encouraging Virgin Islanders to review the listing of unclaimed properties, and notify any friends or family members whose names may appear. He recommends consumers do the following in order to avoid their properties being turned over to the Office of the Lt. Governor:
Keep your accounts active. At least once a year, make a deposit or withdrawal on all bank accounts;
Promptly cash all checks received;
Keep an accurate record of all financial transactions;
Notify a family member or trusted advisor of the location of your records; and
Notify all banks and companies of a new address when moving.
Persons who are recorded as having unclaimed properties are asked to contact the Division of Banking at Insurance at (340)774-7166 in the St. Thomas/St. John district or 773-6459 on St. Croix for assistance.