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Economy

Jimmy Patronis: Florida Returned $35 Million in Unclaimed Property in October

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This week, state Chief Financial Officer (CFO) Jimmy Patronis announced that more than $35 million in unclaimed property was returned to Floridians during the month of October.

Since Patronis took office in 2017, more than $1.8 billion in unclaimed property has been returned to Florida citizens.

“I’m happy to announce the return of more than $35 million in unclaimed property to the pockets of Florida families and businesses in the month of October,” Patronis said. “That includes more than $2.5 million returned to the families and businesses of Southwest Florida recently impacted by Hurricane Ian. As Florida’s Chief Financial Officer, it is my mission to return every cent of unclaimed property back to its rightful owner. With the holidays coming up quickly, I am encouraging every Floridian to search now for unclaimed property for yourself, your friends, your loved ones, and even your business at FLTreasureHunt.gov. It’s your money, claim it today!”

October 2022 Unclaimed Property Returns by Region:

Pensacola – $718,144
Panama City – $1 Million
Tallahassee – $1.1 Million
Jacksonville – $2.2 Million
Gainesville – $357,343
Orlando – $5.1 Million
Tampa/St. Pete – $7.1 Million
Fort Myers/Naples – $2.5 Million
West Palm Beach – $5.6 Million
Miami – $9.5 Million

See also  Property Insurance News: State CFO Reminds Floridians to Utilize New Program to Combat Rising Home Insurance Rates

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.

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  • Florida Daily

    Florida Daily offers news, insights and analysis as we cover the most important issues in the state, from education, to business and politics.

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Ed Dean is a leading radio and news media personality including hosting the #1 statewide radio talk show in Florida. Contact Ed.Dean@FloridaDaily.com

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