Over $27 million in unclaimed property returned to Florida residents in May
TALLAHASSEE, Fla. – More than $27 million in unclaimed property was returned to Florida residents in May 2021, Chief Financial Officer Jimmy Patronis announced Saturday.
“As your CFO, I’ve made it my mission to return every last cent of unclaimed property back to its rightful owners, and I’m excited to announce that in May, we returned more than $27 million in unclaimed property to Floridians,” Patronis said. “Just this fiscal year alone, we’ve already returned more than $326 million in unclaimed property.”
Unclaimed property is a financial asset that is unknown or lost by its owner, according to Patronis. The most common types of unclaimed property are dormant bank accounts, unclaimed insurance proceeds, stocks, dividends, uncashed checks, deposits, credit balances, and refunds.
“There’s a good chance that we’re currently holding unclaimed funds for you or a loved one, as an estimated one in five Floridians has money just waiting to be claimed,” Patronis said. “Did you forget to collect an old utility deposit or stock proceeds? Maybe an uncashed check from an old job?”
The unclaimed property also includes contents from abandoned safe deposit boxes in financial institutions, Patronis said. Unclaimed property assets are held by business or government entities (holders) for a set period of time that is usually five years.
If the holder is unable to find, re-establish contact with the owner and return asset, it is reported and remitted to the Florida Department of Financial Services, Division of Unclaimed Property, according to Patronis.
To search for unclaimed property or to claim an account, click here.
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