NewsState

Actions

$1 billion in claims surpassed by Unclaimed Property Program

Public list available of claimable assets
Franchot.jpg
Posted at 1:09 PM, Jul 09, 2019
and last updated 2019-07-09 13:09:57-04

ANNAPOLIS, Md. — More than $1 billion in claims have been processed through the Maryland Comptroller’s Unclaimed Property program since its inception in 1966, Comptroller Peter Franchot announced Tuesday.

“From dormant bank accounts and forgotten security deposits to abandoned insurance claims and property left in safe deposit boxes, we have doggedly worked to identify the rightful owners and return what is theirs,” Franchot said in a statement.

Each year the office amasses a list of unclaimed property in the state. That list is then advertised through an awareness campaign so that Marylanders can peruse the docket. The list is also displayed publicly at state fairs and festivals. The program disburses more than $60 million annually on average.

The list of 69,039 accounts, representing more than $59 million, will be on display at the following events:

  • Allegany County Fair, July 13-20, (11490 Moss Ave., Cumberland, Md.)
  • Howard County Fair, Aug. 3-10 (2210 Fairgrounds Road, West Friendship, Md.)
  • Montgomery County Fair, Aug. 9-17 (501 Perry Pkwy., Gaithersburg, Md.)
  • Maryland State Fair, Aug. 23-Sept. 2 (2200 York Road, Timonium, Md.)
  • Prince George’s County Fair, Sept. 5-8 (Show Place Arena, 14900 Pennsylvania Ave. Upper Marlboro, Md.)
  • Anne Arundel County Fair, Sept. 12-15 (1450 Generals Highway, Crownsville, Md.)
  • Great Frederick Fair, Sept. 13-21 (797 E. Patrick St., Frederick, Md.)
  • Master Aging Expo, Oct. 19 (Howard Community College, 10901 Little Patuxent Parkway, Columbia, Md.)
  • Power of Age Expo, Oct. 30 (Maryland State Fairgrounds, 2200 York Road, Timonium, Md.)

Last year 3,160 people reviewed the 2018 list at events throughout the state, the Comptroller’s Office said, with about 20 percent of those searchers finding a claim attached to their name. Individuals and businesses can also search the list online at the Comptroller’s website.