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CFO Jimmy Patronis Closes Out 2019-20 Fiscal Year by Hitting a New Annual Record for Returns in Unclaimed Property

7/1/2020

For Immediate Release: Wednesday, July 1, 2020
Contact: Office of Communications, Communications@MyFloridaCFO.com, 850.413.2842
 
CFO Jimmy Patronis Closes Out 2019-20 Fiscal Year by Hitting a New Annual Record for Returns in Unclaimed Property

TALLAHASSEE, Fla. – Today, Chief Financial Officer (CFO) Jimmy Patronis announced that the Division of Unclaimed Property has returned a record of more than $328 million to Floridians during the 2019-20 fiscal year, which is $6 million more than the 2018-19 fiscal year. In addition, there has been more than $105 million returned to Floridians since the state has been directly impacted by COVID-19.
 
CFO Jimmy Patronis said, “Since I took office in 2017, our Division of Unclaimed Property has returned more than $971 million back to Floridians, and I’m thrilled that we are on track to reach $1 billion very soon! This past year has been a challenge, as our staff has been teleworking for much of it. Despite these challenges, I’m extremely pleased that the Division persevered and was able to break the annual record and return a significant amount of money back to Floridians. As COVID-19 continues to impact our communities, this money is critical to helping Florida’s economy. I encourage all Floridians to search now for unclaimed property at FLTreasureHunt.gov.”
 
Unclaimed Property is a financial asset that is unknown or lost, or has been left inactive, unclaimed or abandoned by its owner. The most common types of unclaimed property are dormant bank accounts, unclaimed insurance proceeds, stocks, dividends, uncashed checks, deposits, credit balances and refunds. Unclaimed property also includes contents from abandoned safe deposit boxes in financial institutions. Unclaimed property assets are held by business or government entities (holders) for a set period of time, usually five years. If the holder is unable to locate, re-establish contact with the owner and return the asset, it is reported and remitted to the Florida Department of Financial Services, Division of Unclaimed Property.
 
To search for unclaimed property or to claim an account, go online to FLTreasureHunt.gov.

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About CFO Jimmy Patronis 
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official 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).