On Tuesday afternoon, Texas Comptroller Glenn Hager announced that $2 billion of unclaimed property has been returned to its rightful owners since taking office in January 2015.
"I am proud of the commitment this office has made to reunite unclaimed assets with their rightful owners, and that commitment is reflected in this historic achievement," Hager said. "I encourage everyone to visit ClaimItTexas.org and see if there is money waiting for them."
Since the unclaimed property program began in 1962, Texas has returned more than $3 billion of unclaimed property to its rightful owners, with Hager's team returning more than two-thirds of that total in less than eight years. Have given.
Hager's administration reached $2 billion in unclaimed asset returns last month, and the historical limit is made up of more than 2 million individual payments.
The Unclaimed Property Division passed $1 billion in returned unclaimed assets in the fall of 2018.
Officials say the state currently has more than $7 billion in cash and other valuables through the program.
Unclaimed assets include things like forgotten utility deposits or other refunds, insurance proceeds, payroll checks, cashier's checks, dividends, mineral royalties, inactive bank accounts and abandoned safe-deposit box contents.
Businesses typically convert assets into the Unclaimed Property Program after they have been considered dormant for one to five years.
Those interested in seeing whether they have any unclaimed assets in their name can do a search at ClaimItTexas.org or call 800-321-2274 (CASH).