What is unclaimed property?
Unclaimed Property is any financial asset that has been abandoned by the owner for three or more years. Some examples of property that can become abandoned are:
- Dividend, payroll or cashier's checks
- Stocks, mutual fund accounts, bonds
- Utility deposits and other refunds
- Bank accounts and safe deposit box contents
- Insurance proceeds
- Mineral interest or royalty payments
- Court deposits, trust funds, escrow accounts
How can I claim my funds?
If you believe funds on the unclaimed list belong to you, please fill out the Unclaimed Property Form along with your proof of identification and mail it to Humble ISD Financial Services, Attn: Clista Graff, PO Box 2000, Humble TX 77347. Please allow 4 to 6 weeks for processing
What laws cover unclaimed property in Texas?
Title 6 of the Texas Property Code governs the State of Texas Unclaimed Property Program. To view the statutes, go to the Texas Legislature Online Web site and select Property Code and the appropriate chapter.
Chapters 72 through 75 apply to the reporting, delivery and claims process for abandoned property. Chapter 76 applies only to unclaimed property held and reported by Texas counties, municipalities, independent school districts and junior colleges.
School districts such as Humble ISD are required to report unclaimed property to the Texas Comptroller for items greater than $100.
For items less than $100, school districts such as Humble ISD are required to track and post these items so that they may be claimed by the rightful owner.
Why does it come from the State of Texas?
The unclaimed property law requires financial institutions, businesses, and government entities to report to the state, personal property they are holding that is considered abandoned or unclaimed.
The Texas Comptroller of Public Accounts is responsible for administering the Texas Unclaimed Property Program. Property is turned over to the Comptroller's office annually when the owner's whereabouts are unknown and the property has been inactive on the books of the reporting company after the appropriate abandonment period has expired. For additional information, click here to be redirected to the Texas Comptroller's website.
