Connect with us

Hi, what are you looking for?

Florida News

Jimmy Patronis: $1 Billion Has Been Returned to Floridians in Unclaimed Property Since 2017

On Monday, state Chief Financial Officer (CFO) Jimmy Patronis announced a record-breaking $1 billion has been returned to Floridians in unclaimed property since he took office in 2017.

Share Story Via Text, E-Mail, Facebook or Twitter

On Monday, state Chief Financial Officer (CFO) Jimmy Patronis announced a record-breaking $1 billion has been returned to Floridians in unclaimed property since he took office in 2017.

“I am thrilled to announce that since I became your CFO, we have returned $1 billion back to Floridians in unclaimed property. Today’s news is especially important as many individuals and businesses are looking for financial relief due to the impacts of COVID-19. Special thanks to the Division of Unclaimed Property for working extremely hard to hit this record, even during these challenging times. I will continue working every day to ensure every cent of the more than $2 billion in unclaimed property is returned back to the pockets of Floridians,” Patronis said on Monday.

“An estimated one in five Floridians have unclaimed property just waiting to be claimed, free-of-charge. I’m encouraging all individuals and businesses to search now at FLTreasureHunt.gov and help us return another $1 billion,” Patronis added.

Unclaimed property is a financial asset that is unknown or lost, or has been left inactive, unclaimed or abandoned by its owner. The most common types of unclaimed property are dormant bank accounts, unclaimed insurance proceeds, stocks, dividends, uncashed checks, deposits, credit balances and refunds.

See also  Rick Scott Doubles Down on Call for Audit of FBI, Secret Service After Assassination Attempt on Trump

Unclaimed property also includes contents from abandoned safe deposit boxes in financial institutions. Unclaimed property assets are held by business or government entities (holders) for a set period of time, usually five years. If the holder is unable to locate, re-establish contact with the owner and return the asset, it is reported and remitted to the Florida Department of Financial Services, Division of Unclaimed Property.

After serving in the Florida House and on the Public Service Commission (PSC), Patronis was named to the CFO post by then Gov. Rick Scott when Jeff Atwater resigned the post to work for Florida Atlantic University (FAU) back in 2017. Patronis was elected in his own right in 2018 when he beat former state Sen. Jeremy Ring.

 

Author

  • Florida Daily

    Florida Daily offers news, insights and analysis as we cover the most important issues in the state, from education, to business and politics.

    View all posts
Share Story Via Text, E-Mail, Facebook or Twitter

Follow Us on Social Media

Ed Dean: Publisher

 

Ed Dean is a leading radio and news media personality including hosting the #1 statewide radio talk show in Florida. Contact Ed.Dean@FloridaDaily.com

Article Archives

Related Stories

Most Recent

Earlier today, Florida Senator Rick Scott (R) reiterated his call for the Biden-Harris administration, including the Federal Bureau of Investigation (FBI), United States Secret Service (USSS),...

Florida Politics

Florida Daily has been reporting for months on the ill-fated and highly suspicious investigation by the Florida Department of Financial Services (DFS) of a Miami...

Florida Politics

The ill-fated and controversial “Operation Tooth Fairy” case, launched under suspicious circumstances by the office of Florida CFO Jimmy Patronis, received its fourth and...

Florida Politics

Florida Chief Financial Officer (CFO) Jimmy Patronis announced the appointment of Tom Gallagher to the Florida Insurance Guaranty Association (FIGA) Board of Directors. FIGA is a...

Healthcare

Florida Senator Rick Scott (R) joined fellow Florida Senator Marco Rubio (R, Senator Jerry Moran (R-Kan.) and 17 of their colleagues in urging Department...

Crime

Florida Chief Financial Officer Jimmy Patronis announced the arrest of two insurance agents, and a third individual, for their alleged involvement in an insurance...

Attorney General Ashley Moody

Getting your Trinity Audio player ready... Florida Attorney General (AG) Ashley Moody and Florida U.S. Senator Rick Scott met with a group of seniors...

Economy

Earlier today, Florida Senator Rick Scott announced a package of three finance-focused bills to hold Communist China accountable and safeguard American investors. “Communist China...