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Texas Returns $2 Billion In Unclaimed Property

Comptroller Glenn Hegar Returns $2 Billion to Texas Unclaimed Property Owners.

(AUSTIN)  Comptroller Glenn Hegar has returned $2 billion in unclaimed property to its rightful owners since he took office in January 2015, the Comptroller’s office announced today.

“I am proud of the commitment this office has made to reuniting unclaimed property with its rightful owners, and that commitment is reflected in this landmark achievement,” Hegar said. “I encourage everyone to visit and see if there is money waiting for them.”

Since the Unclaimed Property program began in 1962, Texas has returned more than $3 billion in unclaimed property to its rightful owners, with Hegar’s team returning more than two-thirds of that total in less than eight years. Hegar’s administration reached $2 billion in unclaimed property returns last month, and the landmark threshold is composed of a little more than 2 million individual payments.

Hegar’s Unclaimed Property Division surpassed $1 billion in unclaimed property returned in the fall of 2018. In addition, the state currently is holding more than $7 billion in cash and other valuables through the program.

Unclaimed property includes forgotten utility deposits or other refunds, insurance proceeds, payroll checks, cashier’s checks, dividends, mineral royalties, dormant bank accounts, and abandoned safe-deposit box contents. Businesses generally turn the property over to the unclaimed program after being considered inactive for one to five years.

You can search or call 800-321-2274 (CASH) to see if you have unclaimed property.