What if someone told you that you maybe richer than you think? Would you believe them? Well, actually, it may not be too far from the truth; as there is a lot of unclaimed property out there, today. Any unclaimed money Maryland (or any other state, for that matter) has can be retrieved by its rightful owner, with minimal difficulty, if a little know-how is exercised.
Any unclaimed money Maryland has could have been there for years, with its owners being totally unaware of its existence. Such money can be traced back to myriad sources, with the Federal Deposit Insurance Corporation (FDIC) being one of the key players. This is because, if any failed financial institution which has federal insurance, is liquidated; payments such as unclaimed insured deposits (which do not exceed the insurance limit), unclaimed dividends and funds to be distributed to its shareholders; all fall under the purview of the FDIC.
Much of the unclaimed money Maryland has could also be due to unclaimed deposits from the National credit Union Administration (NCUA), unclaimed government benefits, and/or refunds from the Federal Housing Administration (FHA). To elaborate further, items such as unclaimed pension funds, tax refunds , utility refunds, and security deposits which should have been yours but which you never received , results in the increase of unclaimed money. Damaged currency notes and mutilated bonds too, can be replaced, if the correct authorities are consulted and if the relevant procedures are adhered to. Abandoned safe deposit boxes too, result in some of the unclaimed money Maryland has.
As is readily apparent, much of the unclaimed money Maryland has, can be traced back to specific government agencies that is responsible for holding such unclaimed funds. The money involved can be quite substantial, sometimes, so it is indeed worthwhile to engage in the pursuit of reclaiming such money, which in actuality, could rightfully be yours. This automatically begs the question, “how do I start?” Well, if you are a Maryland resident, a quick search on the internet can be carried out with keywords such as “unclaimed money Maryland, unclaimed property Maryland or unclaimed cash Maryland” all of which should yield the same result.
When attempting to locate any unclaimed money Maryland has, via the internet, it is important to bear in mind that the names and addresses of the recipients or inheritors would generally appear exactly as it would in the agency’s database. Therefore spelling errors, errors of omission and/or unrecorded changes need to be factored in, sometimes.
Unclaimed money can indeed, sometimes, be an undiscovered gold mine. Therefore, if possible, seek assistance from an organization such as the National Association of Unclaimed Property Administrators; and begin your search for any unclaimed property that you may be entitled to, without undue delay.