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Bank of America (Interest) »
Defendant: Bank of America
Bank of America (Interest) Bank of America agreed to a $29 million settlement over allegations of collecting post-payment interest without providing an FHA-approved payoff disclosure to borrowers who prepaid, inquired about pre-payment, or requested payoff figures. The class is defined as borrowers with FHA-insured loans that originated between June 1, 1996 and Claim deadline is Thursday, 16 February 2017.
Bank of America (Interest) »
Defendant: Bank of America
Bank of America (Interest)
Bank of America agreed to a $29 million settlement over allegations of collecting post-payment interest without providing an FHA-approved payoff disclosure to borrowers who prepaid, inquired about pre-payment, or requested payoff figures. The class is defined as borrowers with FHA-insured loans that originated between June 1, 1996 and January 20, 2015; the borrower or Bank of America held legal title when the total loan payment was zero; and Bank of America collected interest after the total loan payment was zero. Class members will automatically receive payment when the settlement becomes final. Final Hearing is Mar. 23, 2017.
Claim deadline is Thursday, 16 February 2017.
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