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Wednesday, May 17, 2017

Unclaimed property in Maryland totals $1.5 billion

BALTIMORE, Md. - He's taken on the role of Sheriff, Sherlock, and international spy. Now, Maryland Comptroller Peter Franchot portrays a new character in the agency's annual short video publicizing the Maryland unclaimed property list.

“We call it 'The Franchot Zone' where we send you money rather than you send us money,” said Franchot.

The unclaimed property comes from banks or financial organizations that have been holding onto an individual's valuables. After three years of inactivity or not being able to reach the account holder, the company then relinquishes the property to the Maryland Comptroller.

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