The Maryland Comptroller’s office usually requires proof of identity and evidence of ownership. Check the database quarterly, as new listings are added regularly.
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This process ensures that assets do not disappear into institutional limbo. In the state of Maryland, these assets are typically turned over to the Comptroller after a dormancy period.
It is advisable to search for variations of your name, including maiden names, previous addresses, and common misspellings. For instance, a bank might turn over an inactive savings account after three years of inactivity.
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Essentially, if a transaction generated a payment that was never collected, it could be classified as unclaimed property. Companies are required to report and remunicate inactive accounts to the state after a specific period, which varies by asset type.
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