Jimmy Patronis: Division of Unclaimed Property Returned $24 Million to Florida Residents, Businesses in May

On Monday, state CFO Jimmy Patronis announced that that more than $24 million was returned to Florida’s residents and businesses during May by the Division of Unclaimed Property.

Since taking office in July 2017, Patronis has recovered and returned more than $961 million to Floridians. This fiscal year, Florida’s Division of Unclaimed Property has returned more than $317 million.

“I’m extremely pleased to announce that more than $24 million in Unclaimed Property has been returned to Floridians during the month of May,” Patronis said on Monday. “Since the COVID-19 pandemic began, Florida’s Division of Unclaimed Property has worked tirelessly and returned more than $95 million to the pockets of Floridians when they needed it most. I’m looking forward to continuing this great trajectory and working to make 2020 a record-high year for returns. Individuals and businesses can start your search now at FLTreasureHunt.gov.”

Unclaimed Property is a financial asset that is unknown or lost, or has been left inactive, unclaimed or abandoned by its owner. The most common types of unclaimed property are dormant bank accounts, unclaimed insurance proceeds, stocks, dividends, uncashed checks, deposits, credit balances and refunds. Unclaimed property also includes contents from abandoned safe deposit boxes in financial institutions. Unclaimed property assets are held by business or government entities (holders) for a set period of time, usually five years. If the holder is unable to locate, re-establish contact with the owner and return the asset, it is reported and remitted to the Florida Department of Financial Services, Division of Unclaimed Property.

To search for unclaimed property or to claim an account, go online to FLTreasureHunt.gov.

 

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