Florida Chief Financial Officer Announces Record $1 Billion in Unclaimed Property Returned to Floridians
By Space Coast Daily // July 30, 2020
To search for unclaimed property go online to FLTreasureHunt.gov
Most common types of unclaimed property are dormant bank accounts, unclaimed insurance proceeds, stocks, dividends, uncashed checks, deposits, credit balances and refunds
BREVARD COUNTY, FLORIDA – Today, Chief Financial Officer (CFO) Jimmy Patronis announces a record-breaking $1 billion has been returned to Floridians in Unclaimed Property since he took office in 2017.
CFO Jimmy Patronis said, “I am thrilled to announce that since I became your CFO, we have returned $1 billion back to Floridians in unclaimed property. Today’s news is especially important as many individuals and businesses are looking for financial relief due to the impacts of COVID-19. Special thanks to the Division of Unclaimed Property for working extremely hard to hit this record, even during these challenging times. I will continue working every day to ensure every cent of the more than $2 billion in unclaimed property is returned back to the pockets of Floridians.
“An estimated one in five Floridians have unclaimed property just waiting to be claimed, free-of-charge. I’m encouraging all individuals and businesses to search now at FLTreasureHunt.gov and help us return another $1 billion.”
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.
The 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