State comptroller releases semiannual unclaimed property list

March 27, 1996|By John Rivera | John Rivera,SUN STAFF

The state comptroller's office has released its semiannual listing of unclaimed property with the names of 13,000 individuals and businesses.

The list appears today .

Names on the list are reported by financial institutions and corporations, which are required to report unclaimed funds to the comptroller's office by Oct. 31.

Insurance companies with unclaimed benefits must report them by April 30 each year.

The unclaimed funds, amounting to millions of dollars, include bank accounts with no deposit or withdrawal activity in the past five years; unclaimed wages; contents of safe deposit boxes; unclaimed security deposits; and stocks and bonds.

People seeing their name on the list or recognizing the name of someone they know can call the comptroller's Unclaimed Property Office, (410) 225-1700 in the Baltimore area; or (800) 782-7383 outside Baltimore.

The state comptroller advertises a list of owners of unclaimed property each spring and fall.

In 1995, the state returned $6.72 million in unclaimed funds to 6,448 people, with the average claim amounting to $1,042.

If your name is not on the list, you still may be owed money. Maryland has records on 238,000 accounts of unclaimed property worth more than $68 million, the comptroller's office said.

Maryland law permits unclaimed property to be claimed anytime during an individual's lifetime, or by legitimate heirs after the owner's death.

Pub Date: 3/27/96

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