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Jimmy Patronis: More than $43 Million in Unclaimed Property returned to Floridians in July

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On Monday, state Chief Financial Officer (CFO) Jimmy Patronis announced more than $43 million in unclaimed property was returned to Floridians during the month of July 2021. A

Since Patronis took office in 2017, more than $1.3 billion has been returned to Floridians in unclaimed property.

“I’m excited to announce that in July we returned more than $43 million in unclaimed property back to the pockets of Floridians. Since becoming CFO, I made it my mission to return every cent of unclaimed property back to its rightful owners. There’s an estimated one in five chance that you or a family member has money just waiting to be claimed, free-of-charge. It only takes a few minutes to search for unclaimed property and I encourage individuals and business owners to search right now at FLTreasureHunt.gov,” Patronis said on Monday.

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.

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

July 2021 Unclaimed Property Returns by Region

• Pensacola – $1.1 million
• Panama City – $557,100
• Tallahassee – $1 million
• Jacksonville – $2 million
• Gainesville – $688,400
• Orlando – $6.5 million
• Tampa/St. Pete – $9.9 million
• Fort Myers/Naples – $2.5 million
• West Palm Beach – $5 million
• Miami – $14.3 million

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    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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