The Texas Office of the Comptroller encourages everyone to visit claimittexas.org to see if the state holds unclaimed property after approving and paying $ 285 million in unclaimed property during the last fiscal year.
The $ 285 million in unclaimed property returned by prosecutor 2021 represents more than 538,000 properties, a spokesman for the control office said. These belongings include, such as forgotten utility deposits or other refunds, insurance income, paychecks, cash checks, dividends, mineral royalties, dormant bank accounts, and abandoned safe deposit box contents. Companies generally cede ownership to the unclaimed property program after it has been deemed inactive for one to five years.
“I’m proud to have returned nearly $ 2 billion to jeans since I became an inspector, and we’re continually looking for new ways to come back even further,” said driver Glenn Hegar. “This is a testimony from the working people of our unclaimed property division.”
The driver’s office has returned more than $ 3 billion in unclaimed property to rightful owners since the Texas unclaimed property program began in 1962. According to the driver’s office, the state currently has more than 6,000 millions of dollars in cash and other valuables through the program.
In general, there is no statute of limitations for unclaimed property that the state has, which means there is no time limit for homeowners to file a claim.
To learn more about the Unclaimed Properties program or to search for unclaimed properties and begin the claims process, visit the driver’s ClaimItTexas.org website or call 800-321-2274 (CASH).