Do You Have What It Takes to be One of the
Most Interesting People in Maryland?
- Comptroller’s Unclaimed Property Staff Visit Festivals Statewide this Summer -
ANNAPOLIS, Md. () – The Most Interesting Man in Maryland, Comptroller Peter Franchot, wants to share the spotlight with lucky taxpayers who are on his agency’s list unclaimed property accounts. Agency staff will travel the state to various fairs and festivals all summer long and into the fall, to help reunite one million Marylanders with more than $980 million in unclaimed property.
“Summer is the time to enjoy the sights, sounds and smells at the local fairs and festivals and finding money you never knew you had would make the experience even better,” said Comptroller Franchot. “My agency is committed to traveling across the state to reach Marylanders who have unclaimed property,” he added.
By law, financial institutions, utilities, insurance companies and other businesses are required to notify the Comptroller of any property that has gone unclaimed, or without activity, for more than three years. Account types include: bank accounts, security deposits, wages and insurance benefits and contents of safe deposit boxes. Real estate is not included. The Comptroller’s Office holds these unclaimed property accounts in perpetuity for their owners or their heir to claim at any time.
In 2012, the agency visited eight community events around the state and returned nearly $369,000 to unsuspecting owners. “Last August, at the Maryland State Fair, one lucky person discovered nearly $72,000 in unclaimed property. But if you don’t check the list, you’ll never know if that could be you,” said Comptroller Franchot.
In addition to attending various local events, the agency makes use of several avenues to reach Marylanders throughout the year including publishing a newspaper insert, matching files with the Internal Revenue Service (IRS) and state Motor Vehicle Administration (MVA) records. The state of Maryland does not charge a fee for returning your property.
The Comptroller's Office honored nearly 54,000 claims totaling more than $54.3 million in fiscal year 2012, which ended on June 30, 2012. More than $261 million has been returned to nearly 260,000 owners since January 2007.
LIST OF UPCOMING FAIRS AND FESTIVALS 2013
African American Festival
Maryland State Fair
August 23 - September 2
The Great Frederick Fair
Allegany County Fair
Prince George’s County Fair
Maryland State Fairgrounds
Montgomery County Fair
Anne Arundel County Fair
50+ Expo – Howard County