The comptroller may waive the requirement of filing a claim and pay or deliver property directly to a person who does not file a claim if:
(1) the person receiving the property is the reported owner of the property;
(2) the comptroller reasonably believes the person is entitled to receive the property or payment; and
(3) the property has a value of less than $5,000.
Official text of the Texas Property Code as published by the Texas Legislative Council.