May 27th, 2020 by WCBC Radio
The 2020 Maryland Unclaimed Property insert hits publications statewide this week. As is tradition, Comptroller Peter Franchot parodies a pop culture theme to bring attention to the list and reunite Marylanders with their unclaimed funds and miscellaneous items that are held by the State. This year’s theme is based on the popular reality show, “The Bachelor,” and features the Comptroller wearing a tuxedo and offering a rose, posing as “The Matchelor.” This year’s 180-page Unclaimed Property inserts, which will run in more than 30 newspapers throughout the state, lists 80,247 accounts worth more than $63.9 million. Individuals and businesses can also search the online Unclaimed Property database. In total, the agency has more than 1.35 million accounts with a value of more than $1.65 billion in unclaimed property. Franchot tells WCBC News he would encourage every Maryland citizen to check out the list. The Comptroller urges anyone who locates their name or that of a family member on the list to contact the office at 410-767-1700 (Central Maryland) or toll-free at 1-800-782-7383 or by email at unclaim@comp.state.md.us to find out how to reclaim their lost property.
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May 27, 2020 at 2:32 pm, Welchy said:
Tax dollars at work, sad
May 27, 2020 at 11:04 pm, John said:
Ever wonder how the money gets there? Just ask your bank. It’s called escheatment and it means after three years of complete account inactivity the State of Maryland makes financial institutions turn over consumer’s property as it as been deemed abandoned. This amounts to just another revenue stream for the State.