Maryland Comptroller Brooke Lierman announced the launch of a new cloud-based unclaimed property system that allows residents to file claims online for the first time, replacing the state’s decades-old mainframe platform.
The updated system, known as the Kelmar Abandoned Property System (KAPS), aims to improve claim processing, transparency, and customer service while supporting recent law changes that expand the types of property the state can manage, including cryptocurrency.
Per the news release distributed on Wednesday, October 15: “Maryland Comptroller Brooke E. Lierman announced today the launch of a modernized unclaimed property website and system that will make it easier for residents to reclaim their lost assets. The upgraded platform replaces a mainframe system that had been in use for decades with a contemporary cloud-based solution, allowing Marylanders to submit claims online for the first time ever while improving processing efficiency and transparency…