Maryland Unclaimed Money Tops $580 Million
Posted by: admin in Lost Money, Maryland, Missing Money, Unclaimed Funds, Unclaimed Money, Unclaimed Payroll Check, Unclaimed Property, UnclaimedFunds, UnclaimedMoney, UnclaimedPropertyAs recently as May of this year, MD Comptroller Peter Franchot reported that his office is currently holding $580 million in Maryland unclaimed money, according to an article in The Examiner. The article also reported on one massive unclaimed property return:
“We were holding over $800,000 in stock” for one man, Franchot told one of the customers holding the 714,000 accounts that have been returned to the state. In fiscal 2006, the state handed over $50 million to about 42,000 individuals.
The article goes on to explain the success of a recent lost money outreach program:
“We do a lot of outreach,” said Lynn Hall, manager of the property unit. Since the inserts ran two weeks ago, the state has received more than 12,000 calls, with more than 8,700 making apparently legitimate claims.
Despite these successes, the citizens ought to take it upon themselves to locate their own MD unclaimed money, because if history teaches us anything, it’s that government is inefficient if it’s anything. To guarantee that a resident of The Old Line State find their unclaimed assets.
Learning to find your name on an unclaimed money list is often easier said than done, but assistance from an unclaimed funds expert can help beginners sidestep issues that get in between other people and their cash.
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