Since Texas Comptroller Glenn Hegar took office in 2015, his office has returned over $2 billion in unclaimed money and unclaimed property. That money has been paid out to around 2 million individuals which is an average of nearly $1,000 per claim! The Texas unclaimed money program has returned over $3 billion since its inception in 1962 according to an article. This initiative has been quite an accomplishment for his office in a short period of time.
“I am proud of the commitment this office has made to reuniting unclaimed property with its rightful owners, and that commitment is reflected in this landmark achievement,” Hegar said. “I encourage everyone to visit ClaimItTexas.org and see if there is money waiting for them.”
Unclaimed money and unclaimed property are defined as cash/stocks/bonds and actual property that has gone unclaimed for a period of one to five years. Businesses that have this unclaimed property, by law, must file reports with the state and the surrender it. Most states then hold this property indefinitely (some states do have time limits) until either the person on the account or their next of kin claims it.
Texas still has over $7 billion in unclaimed money and property waiting to be claimed. Searching is free and the link can be found on our Texas Unclaimed Money Page