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CFO Jimmy Patronis Announces Record-Breaking Unclaimed Property Returns

3/20/2018

For Immediate Release: Tuesday, March 20, 2018
Contact: Jon Moore, 850.413.2842, Jon.Moore1@myfloridacfo.com
 

~ $37.8 Million Returned in February ~
 
TALLAHASSEE, Fla. — Chief Financial Officer Jimmy Patronis today announced that his Division of Unclaimed Property has set a new monthly record of unclaimed property returns in the program’s 57-year history. During the month of February, the Division’s total returns were valued at $37,885,255, exceeding the previous monthly record of $35,956,507 which was set in October 2016.
 
“I’m proud to announce that in February, our proactive efforts resulted in a record-breaking month of unclaimed property returns,” said CFO Jimmy Patronis. “More than $37 million are back in the hands of their rightful owners and we’ll continue to turn up our outreach efforts to return even more.”
 
CFO Patronis’ Division of Unclaimed Property (Division) is one of few unclaimed property programs in the country that proactively works to return funds back to businesses, local governments and other unclaimed property account holders. In addition to various outreach events and activities, the Division sends thousands of letters on a weekly basis to notify account holders and expedite the return of their unclaimed funds or assets.
 
More than $203 million in unclaimed property has been returned to their rightful owners since CFO Patronis took office July 1, 2017. More than 14 million accounts valued at roughly $2 billion remain to be claimed and are available to claim at any time and at no cost.
 
Currently, CFO Patronis’ Division holds unclaimed property from dormant accounts in financial institutions, insurance and utility companies, securities and trust holdings. In addition to money and securities, unclaimed property includes tangible property such as watches, jewelry, coins, currency, stamps, historical items and other miscellaneous articles from abandoned safe deposit boxes.
 
Visit www.fltreasurehunt.gov to check for accounts that the unclaimed property program may be holding onto for you or your business. As outlined in Florida law, the account holder must submit a claim form in order to claim an account.
 
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About CFO Jimmy Patronis
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a native Floridian and a member of Florida’s Cabinet, who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).