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Record $308 million in unclaimed property returned in fiscal 2019

September 25, 2019 - 04:00
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AUSTIN — The Texas Comptroller’s office approved and paid a record $308.4 million in unclaimed property claims during the past fiscal year, Comptroller Glenn Hegar announced recently.

The $308 million in unclaimed property returned in fiscal 2019 includes forgotten utility deposits or other refunds, insurance proceeds, payroll checks, cashier’s checks, dividends, mineral royalties, dormant bank accounts and abandoned safe-deposit box contents. Businesses generally turn property over to the unclaimed property program after it has been considered dormant for one to five years.

There is no statute of limitations for unclaimed property the state holds, which means there’s no time limit for owners to file a claim — they can do so at any time.

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.org, or call 800-321-2274 (CASH).