Unclaimed property does not include real estate, boats or cars. If an account at a financial institution or business has no activity or a check is unclaimed for five years, the property in that account is considered unclaimed and must be reported to the state. Uncashed travelers checks must be reported 15 years after the date of issue. Insurance companies are required to report unclaimed benefits to the Comptroller's Office by April 30 for the year ending the preceding December 31. Financial institutions and most other businesses with any type of unclaimed funds must report them by October 31 for the year ending the preceding June 30.
Instructions appear on the reverse side of the forms.
Holders may use their own reports as long as all necessary information is included. We can accept magnetic tape filings in standard record layout. Contact the Unclaimed Property Unit for format specifications. If you are a holder of unclaimed property and do not file a report with the Comptroller's Office, you are subject to fines and penalties. The comptroller advertises the names of recently reported unclaimed property owners throughout Maryland each spring and fall.