More than $300 million in unclaimed property returned to Floridians in past year

513,000 individual claims were paid in 2016-2017 fiscal year

By Nick Blank - News intern

TALLAHASSEE, Fla. - The Florida Division of Unclaimed Property returned $313 million to Floridians during the 2016-2017 fiscal years, Chief Financial Officer Jimmy Patronis said Tuesday.

Nearly one in five Florida residents have unclaimed property or accounts. In the 2016-2017 fiscal year, more than 513,000 individual claims were paid, a double-digit increase over the previous fiscal year. 

“I am impressed with the incredible accomplishments of the unclaimed property program, and I look forward to its continued success in the future,” Patronis said. “It’s easier than it might seem to lose track of an account, and I want all Floridians to know that we’re working to return their hard-earned funds back to them.”

Almost $5 million has been paid since the program began in 1961. Most businesses have to turn over dormant or abandoned accounts to the Florida Division of Unclaimed Property after a specified time period of no communication with the account holder.

Types of unclaimed property can range from dormant accounts to jewelry to security deposit boxes. If you want to search for unclaimed property or to claim an account, go to the www.FLTreasureHunt.org website or call 1-888-258-2253.

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