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Virginia opens KAPS program for unclaimed property

Governor Youngkin announced through an email that the Virginia Department of the Treasury Unclaimed Property Division has launched the new KAPS program.

Virginia’s consumer protection law requires businesses to turn unclaimed property over to the state, relieving the business of the financial liability.

Virginia holds that property until the rightful owner or heir files a claim.

Unclaimed property can be securities, investments, unpaid wages, money from insurance policies and other funds.

The KAPS program is offered as an easy way to manage the administration, reporting and claiming of unclaimed property.

The webpage makes it easier for citizens to identify and more quickly claim their unclaimed property.

Access more information at the Department of the Treasury’s website check for a claim here.

For more news from across the Shenandoah Valley, click here.

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