Maryland officials are still stumbling over checks, bank accounts, stock and bonds at the state treasury office and you may have ownership into what’s being kept and managed. Officials thought they had a good handle on the problem of Maryland missing cash when the treasury office started returning the money to the rightful owners by the hundreds and thousands over the past few years. Now, the problem seems to be growing and soon officials won’t have a handle on it at all. Missing cash in Maryland may grow to out-of-control proportions, unless you step forward and do your best to help. To find out how, simply point your favorite Internet browser to Cash Unclaimed. There you will be asked to enter some vital information. What you enter and what you find may tip the Maryland missing cash scales in your favor.
If you live in Maryland and you thought that the missing money problem had all been taken care of, you are sorely mistaken. The problem has been gathering speed every year since it was first announced that missing money in Maryland had all been eradicated. Well, it is far from eradicated. In fact, the problem is only getting bigger.
Each year millions of dollars in dormant or lost accounts go unclaimed in Maryland. If you know anyone who has ever moved or died, the state may be holding unclaimed cash, lost securities, bonds, refunds, insurance claims, deposits, jewelry or coins.
In addition to money and securities, the state’s holdings include tangible property such as watches, jewelry, coins, currency, stamps, historical items and other miscellaneous articles.
After certain kinds of assets have been dormant for three years or more (depending on which type), they are considered “unclaimed funds”, and the insurance company, financial institution, or corporation holding them has to turn them over to the State Comptroller’s Office.