About Accomplishments Returning Unclaimed Property to Rightful Nevada Owners
Recent Press Releases
National Alliance for Retired Americans Endorses Kate Marshall for Her Leadership Fighting the Privatization of Medicare and Social Security
Desperate Times Call for Bogus Claims . . . Well at Least According to the NRCC's Latest Ad
Clear Contrast
Advantage Marshall: Twice as Much Cash on Hand
Kate Marshall for Congress Nears Quarter Million Dollar Mark for Campaign
Returning Unclaimed Property to Rightful Nevada Owners
Under Kate Marshall, the Unclaimed Property Division has transferred approximately $189 million to the Nevada General Fund, which is an increase of more than 140% over Kate's predecessor. Since 2005, Treasurer Marshall has increased the amount of money returned to Nevadans from unclaimed property by 160% to $20.6 million, and still been able to make the largest unclaimed property transfer in the state’s history-- $66 million for FY 2010.
Marshall made the entire process of unclaimed property easier, cost less and run faster for businesses. Treasurer Marshall created the Voluntary Disclosure program, which allows Nevada businesses to comply with the state’s unclaimed property laws without an assessment of penalties and interest. She also implemented a Fast Track process for claims under $1,500, cutting in half the time it takes for a claim to be processed.
Kate even negotiated an agreement with insurance giant John Hancock regarding unclaimed life insurance and annuity contracts that allows Nevadans to recover nearly $1 million in unclaimed life insurance benefits.
