Over a five-year period, from 2018 to 2022, the state received $3,849,375,096.56 and paid out $1,443,847,727.80 – roughly 37%.
"It could be bank accounts, it could be utility deposits…it could be a customer refund," said Bryant Clayton, assistant director of the Unclaimed Property Division of the Texas Comptroller’s Office.
But many Texans may not realize they have property to claim, which is why some states take an extra step for residents.mails checks automatically to owners of unclaimed property worth up to $2,000 dollars and "notice of unclaimed property" letters to owners of property worth more than $2,000. In 2021, $2.7 million in checks was sent out.that authorizes the Comptroller’s office to do the same for properties worth less than $5,000.
"You can ask us to search for any and all property that belongs to you….and we will do that research," said Clayton. "And that can be helpful because there may be property that may not be reported in your name." Data obtained through a public information request showed how much unclaimed property the state has compared to how much has been paid out.
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