-Comptroller’s Staff Helped Visitors Find More Than $250,000 at MD State Fair-
Annapolis, Md. (September 21, 2010) – Almost 500 people found more than $250,000 in unclaimed funds at Comptroller Peter Franchot’s booth at the Maryland State Fair. Comptroller employees were at the fair this year as part of a statewide initiative to help reunite Marylanders with lost money they are owed.
“In these tough economic times, it is our duty and our pleasure to return unclaimed property to its rightful owners,” said Comptroller Franchot. “Everyday, we work vigorously to locate the owners of the unclaimed property and to make sure they get what they are owed. This is just one of the ways we strive to serve the people of Maryland.”
This year, 3,439 fair attendees searched for unclaimed property, with 483 discovering money in their name. One individual found $29,975 with the help of Comptroller Franchot’s staff. In total, fair goers discovered $249,453.
Financial institutions, utilities, insurance companies and other corporations are required to report to the Comptroller any bank accounts, security deposits, wages, insurance benefits and contents of safe deposit boxes that have been unclaimed after three years.
In addition to his booth at the state fair, the Comptroller searches for owners of unclaimed funds by advertising in local newspapers and matching files with the IRS and the Maryland Department of Motor Vehicles.
After a summer filled with stops at county and local events, staff from the Comptroller’s unclaimed property unit will be at the Frederick County Great Fair until September 25.
The Comptroller encourages everyone to log onto his Web site, www.marylandtaxes.com, to search agency records for unclaimed funds, or call the office at 410-767-1700 in Central Maryland, or toll-free 1-800-782-7383 from elsewhere.
MEDIA CONTACT: Contact: Lisa Lester (410) 260-7210, office (410) 858-7868, cell