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Maryland State Fairgoers Find More Than $271K in Unclaimed Property

September 5th, 2019 by WCBC Radio

Comptroller Peter Franchot today announced that 259 people discovered more than $271,000 in unclaimed funds at this year’s Maryland State Fair. One attendee learned about an unexpected windfall of $71,517.

Throughout the summer and fall, agency staff set up booths at county fairs and festivals and the State Fair to reunite Marylanders with money they are owed. Approximately 1,360 people made inquiries at the unclaimed property booth at this year's State Fair.  

“Several hundred people had a great time at the State Fair and learned about money that is rightfully theirs; I call that a red-letter day,” Comptroller Franchot said. “Our agency staff fans out across the state to reach residents and reunite them with money or property that is just waiting to be claimed by their owner.”

Financial institutions, utilities, insurance companies and other corporations are required to report to the Comptroller any bank accounts, security deposits, wages, insurance benefits and contents of safe deposit boxes that have been unclaimed after three years. In addition to booths at fairs and festivals, the Comptroller’s Office looks for owners of unclaimed funds by searching tax records.

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