Consumers charged by JPMorgan Chase between Jan 1, 2008 and Oct 4, 2013 as an insured or additional insured for a hazard LPI policy can claim for partial refund at saccocciosettlementinfo.com.
JPMorgan Chase and insurer Assurant Inc. have agreed to pay a total of $300 million to resolve allegations that they forced homeowners for buying expensive property insurance. Under this class-action lawsuit settlement, Chase, Assurant Inc. and several of their affiliates will pay Class Members a refund of 12.5% on their net annual premiums. Millions of homeowners who took out a mortgage with JP Morgan Chase since 2008 are expected to receive benefits under the settlement. Even though JPMorgan Chase entered into the class action settlement agreement in September 2013, a final approval hearing has been scheduled for February 14, 2014. At this hearing, the Court will determine whether the Settlement is fair, reasonable and adequate.
Under the settlement, the class consists of all individuals in the U.S. who, between January 1, 2008 and October 4, 2013, were insured under a hazard LPI (Lender Placed Insurance) policy for residential property and who, during the Class Period have either (a) paid the Chase Defendants the charged premium (all or a portion of the premiums) for that policy, or (b) did not pay and still owe, the premiums for such force-placed policy.
Upon Court approval of the Settlement, all eligible Class Members who submit a valid claim will receive either: (a) a partial refund if they’ve paid all or a portion of the premium; or (b) a credit towards what they currently owe Chase Defendants, if they’ve not paid the premium for the hazard LPI policy.
Claim For Settlement Benefits
To receive a partial refund or credit towards what you currently owe, you must fill out and submit a claim form within sixty days after the Final Settlement Date. If the Court enters the final judgment and approves the Proposed Settlement on the date of the Fairness Hearing & no appeal is filed, then the last date for submission of Claim Form will be June 14, 2014.
There are two ways to submit a claim:
1, By Mail
You can mail your Claim Form postmarked no later than sixty days after the Final Settlement Date to:
Saccoccio v. JPMorgan Chase
c/o GCG
P.O. Box 35103
Seattle, WA 98124-5103
2, Online
You may also upload the completed Claim Form via the Settlement Website at www.SaccoccioSettlementInfo.com
Highlights of JPMorgan over force-placed insurance Settlement
Official Website: saccocciosettlementinfo.com
Link to get claim form: cert.tgcginc.com
Settlement Amount: $300M
Claim filing deadline: June 14, 2014
Final approval hearing: February 14, 2014
Exclusion deadline: January 15, 2014
Objection deadline: January 15, 2014
Class Counsel:
Adam M. Moskowitz
Kozyak Tropin & Throckmorton, P.A.
2525 Ponce de Leon Blvd.,
9th Floor
Coral Gables, FL 33134
Counsel For Chase Defendants:
Robert M. Brochin
Brian M. Ercole
Morgan Lewis & Bockius LLP
200 South Biscayne Blvd.
Suite 5300
Miami, FL 33131
Counsel For Assurant Defendants:
Frank G. Burt
Farrokh Jhabvala
Jorden Burt LLP
1025 Thomas Jefferson St., NW
Suite 400 East
Washington DC, 20007-5208
JPMorgan Chase and insurer Assurant Inc. have agreed to pay a total of $300 million to resolve allegations that they forced homeowners for buying expensive property insurance. Under this class-action lawsuit settlement, Chase, Assurant Inc. and several of their affiliates will pay Class Members a refund of 12.5% on their net annual premiums. Millions of homeowners who took out a mortgage with JP Morgan Chase since 2008 are expected to receive benefits under the settlement. Even though JPMorgan Chase entered into the class action settlement agreement in September 2013, a final approval hearing has been scheduled for February 14, 2014. At this hearing, the Court will determine whether the Settlement is fair, reasonable and adequate.
Under the settlement, the class consists of all individuals in the U.S. who, between January 1, 2008 and October 4, 2013, were insured under a hazard LPI (Lender Placed Insurance) policy for residential property and who, during the Class Period have either (a) paid the Chase Defendants the charged premium (all or a portion of the premiums) for that policy, or (b) did not pay and still owe, the premiums for such force-placed policy.
Upon Court approval of the Settlement, all eligible Class Members who submit a valid claim will receive either: (a) a partial refund if they’ve paid all or a portion of the premium; or (b) a credit towards what they currently owe Chase Defendants, if they’ve not paid the premium for the hazard LPI policy.
Claim For Settlement Benefits
To receive a partial refund or credit towards what you currently owe, you must fill out and submit a claim form within sixty days after the Final Settlement Date. If the Court enters the final judgment and approves the Proposed Settlement on the date of the Fairness Hearing & no appeal is filed, then the last date for submission of Claim Form will be June 14, 2014.
There are two ways to submit a claim:
1, By Mail
You can mail your Claim Form postmarked no later than sixty days after the Final Settlement Date to:
Saccoccio v. JPMorgan Chase
c/o GCG
P.O. Box 35103
Seattle, WA 98124-5103
2, Online
You may also upload the completed Claim Form via the Settlement Website at www.SaccoccioSettlementInfo.com
Highlights of JPMorgan over force-placed insurance Settlement
Official Website: saccocciosettlementinfo.com
Link to get claim form: cert.tgcginc.com
Settlement Amount: $300M
Claim filing deadline: June 14, 2014
Final approval hearing: February 14, 2014
Exclusion deadline: January 15, 2014
Objection deadline: January 15, 2014
Class Counsel:
Adam M. Moskowitz
Kozyak Tropin & Throckmorton, P.A.
2525 Ponce de Leon Blvd.,
9th Floor
Coral Gables, FL 33134
Counsel For Chase Defendants:
Robert M. Brochin
Brian M. Ercole
Morgan Lewis & Bockius LLP
200 South Biscayne Blvd.
Suite 5300
Miami, FL 33131
Counsel For Assurant Defendants:
Frank G. Burt
Farrokh Jhabvala
Jorden Burt LLP
1025 Thomas Jefferson St., NW
Suite 400 East
Washington DC, 20007-5208
I recieved a letter to submit a claim against JPMorgan Chase and was told i would get a refund in Jan 2014 and how much it World be for
ReplyDeleteNo, you will not receive the refund in Jan 2014. The final hearing was just Feb 2014 and they state you will receive the refund of 12.5% of the premium within 180 days. The deadline to submit a claim form is June of 2014.
ReplyDeleteYou must make sure and submit your claim form or you will receive zero and as I stated the deadline to submit the claim form is June 2014.
ReplyDeleteSo will refunds be coming around August
ReplyDeleteSo will they send out letters stating how much your refund will be
ReplyDeleteAs of this date we know that a refund of 12.5% is coming splitting $300mil and another $700mil in relief but with over 700,000 class members , its easy to do the math ,we dont get much for the damage that chase has done to us . Thebonesathome @ yahoo
ReplyDeletehas any one got their money net ? the date of payment has past.
ReplyDeleteAt last contact no checks have gone out as it was held up on appeal , was told checks may be going out in December , but don't hold your breath , and saccocciosettlementinfo.com web site has not been updated with any new info or can call 1877-308-3773
ReplyDelete