The Maryland Comptrollers office is currently holding $980 million in over one million accounts.
This money comes from businesses, financial institutions, utilities, and anyone that would holding money for someone that they cannot locate. Once these businesses cannot locate someone for a period of three years, they turn the money over to the state.
The Comptroller’s Office tries to locate the rightful owners of stocks, bonds, savings accounts, security deposits, contents of safe deposit boxes, insurance proceeds and other valuables which are reported to them.
The owners or their legitimate heirs can claim the funds at any time. There is no statute of limitations. You can find out if the Comptroller’s office is holding property for you by checking their website anytime.
This page may be boring but the video isn’t, check it out!
If you are claiming property in the possession of the state, you must complete and sign the COT ST912 claim form (PDF) and forward it along with the supporting documentation to the following address, also located on the front of your claim form.
301 West Preston Street, Room 310
Baltimore, MD 21201
There is a little known business that lets you do that. Unclaimed money finders locate people that don’t know they money being held for them and help them to recover it.
In return, they charge a commission after the money is recovered.
Please click here if you would like to learn more about this business.