Comptroller Combs Returns Record $1 Billion in Unclaimed Property
Texas Comptroller Susan Combs has returned $1 billion in unclaimed property to rightful owners since she took office in 2007. This is the largest sum of money ever returned by a Texas Comptroller!
Unclaimed property is considered to be anything like forgotten utility deposits, other refunds, insurance proceeds, payroll checks, cashier’s checks, dividends, mineral roylaties, dormant bank accounts, abandoned safety deposit box contents, etc.
“When I took office in January 2007 I was committed to return as much unclaimed money as possible to owners who may have forgotten about it,” Combs said. “We launched extensive outreach efforts and streamlined processes to help reunite more owners with their money.”
Since 2007, more than 1.1 million claims have been approved totaling $1 billion in returned unclaimed property. Only $900.8 million was returned in the 44 years prior to Combs taking office.
“We will continue our efforts to get as much money back into the right hands,” said Combs. “I encourage people to search our website at any time or call us to see if they have money waiting for them and start the process of getting that money back. After all, it’s your money!”
Thank you, Comptroller Combs for returning this property back to Texans! Job well done!