Texas Comptroller’s office approved and paid out a record $344 million in unclaimed property during the past fiscal year, according to Comptroller Glenn Hegar, and the state is currently holding more than $8 billion in cash and other valuables.
There is generally no statute of limitations for unclaimed property the state holds, which means there’s no time limit for owners to file a claim.
“The fact that my office has returned $2.6 billion to Texans since I became Comptroller is a testament to the hardworking folks in our Unclaimed Property Division,” Hegar said in a statement.
The Unclaimed Property Division has returned more than $4 billion in unclaimed property to its rightful owners since it began in 1962.
Unclaimed property can be forgotten utility deposits, insurance proceeds, payroll checks, cashier’s checks, dividends, mineral royalties, dormant bank accounts, and abandoned safe deposit box contents. Businesses generally turn the property over to the unclaimed property program after it has been considered dormant for one to five years.
For more information about the unclaimed property program or to search for unclaimed property and begin the claims process, visit the Comptroller’s unclaimed property website, ClaimItTexas.gov, or call 800-321-2274
