Paid Claims in Utah Have Quadrupled Under Johnston’s Leadership
SALT LAKE CITY – February 2, 2017 –Utah State Treasurer David Damschen today announced the appointment of Utah Unclaimed Property Administrator, Dennis Johnston, as Senior Vice President of the National Association of Unclaimed Property Administrators (NAUPA). NAUPA is a network of the National Association of State Treasurers (NAST).
“Under Johnston’s leadership the number of paid unclaimed property claims in Utah has quadrupled plus over 50 percent of claims are now paid in just one week’s time,” said Treasurer David Damschen. “The Division’s success stems from effective modernization and efficiency initiatives – so it’s no surprise to us that he has been sought for a national leadership position in his field.”
“Through technology improvements our team has brought Utah’s Unclaimed Property Division workflows forward to modern standards – but we can’t stop there in our efforts to put lost money into the pockets of Utahns where it belongs,” said Johnston. “It’s an honor to serve in this national leadership position, but it’s more of an honor to serve the people of Utah each day and help them get their lost or abandoned property back home where it belongs.”
Utah’s Unclaimed Property Division currently safeguards a total of $370 million in unclaimed property from throughout Utah, with many states across the nation holding higher totals. Lost or abandoned property can be found by searching mycash.utah.gov or by calling 801-715-3300. Along with all states across the nation, Utah adopted the Uniform Unclaimed Property Act (1956) – ensuring abandoned or lost property of its citizens is turned over to State government – not kept by companies, employers, service providers and others. Examples of such property included uncashed payroll checks, dormant bank accounts, overpaid bills, security deposit boxes and more. Companies with unclaimed property are required to file reports each year with state governments.
The National Association of Unclaimed Property Administrators increases awareness of unclaimed property as a vital consumer protection program. It is the foremost authority on unclaimed property and the affirmed leader of the coalition of states, administrators, and holders working together to reunite rightful owners with their property. Members represent all states, the District of Columbia, the Commonwealth of Puerto Rico, U.S. Virgin Islands, several Canadian provinces, and Kenya. Membership is available to other governmental entities.