(AUSTIN) — Texas Comptroller Glenn Hegar reminds Texans to search for their unclaimed money this holiday season with the Unclaimed Property Division’s new and improved website, ClaimitTexas.org.
“I am proud of our unclaimed property program, which has returned about $800 million to its rightful owners since I’ve been Comptroller,” Hegar said. “The newly redesigned website makes it even easier for users to search for unclaimed property, and I encourage everyone to go online, take a look around and see if there is money waiting for you or your loved ones.”
New features include:
- an enhanced search function for more comprehensive self-service searches;
- the ability to upload claim documentation directly to ClaimitTexas.org; and
- better mobile features that make it easier to search on smartphones and tablets.
What is Unclaimed Property?
Since 1963, Texas has required institutions, businesses and governmental entities to report to the state any personal property that has been unclaimed for up to five years, depending on the property in question.
Unclaimed property can be abandoned assets. Some examples:
- dividend, payroll or cashier’s checks
- stocks, bonds or mutual fund accounts
- utility deposits and other refunds
- bank accounts and safe deposit box contents
- insurance proceeds
- mineral interest or royalty payments
- court deposits, trust funds or escrow accounts
- overpayments on insurance, utilities and other bills
Unclaimed property does not include real estate or vehicles.
There is no statute of limitations for unclaimed property. Funds reported will remain here indefinitely until returned to their rightful owner.
The Texas Comptroller has authority to manage the State of Texas Unclaimed Property Program under Title 6 of the Texas Property Code.
Since the program’s inception in 1962, the state has returned more than $2 billion in unclaimed property to its rightful owners. In fiscal 2017, the agency paid a record $281 million in claims. You can search ClaimitTexas.org to see if you have unclaimed property or call 800-321-2274 (CASH).