Individual who have paid invalid flood hazard determinations charges can get $9.50 refund in Wells Fargo flood insurance lawsuit at JacksonSettlement.com.
Whenever any financial company offers mortgage to their customers, they have to follow few government rules before adding any extra charges for particular mortgage on customers. If they fail to follow government rules, then financial company have to face lawsuits for their own fraud act. Wells Fargo has also come under the class action due to applying home mortgages flood hazard determinations (FHDs) without following government rules. If you have also charged with illegal FHDs, then claim refund into the Wells Fargo Jackson settlement.
As stated into the federal laws, Wells Fargo must have check out that particular residential property is located in a Special Flood Hazard Area (or SFHA) or not. Property must be designated by the government before the bank can issue a home mortgage. This kind of SFHA determination is known as an FHD. As per the claims of class members, Wells Fargo bank has purposefully obtained those FHDs through their own Wells Fargo Insurance (WFI) company.
Wells Fargo will pay WFI $19 and it will be charged to customers. But charged amount of Wells Fargo will come back to company as a “kickback” payments from WFI for the FHDs. So, Wells Fargo is cheating the customers by illegally making customers to pay WFI $19. Due to misleading of Wells Fargo, class members have come up with list of acts that are violated by Wells Fargo which includes Estate Settlement Procedures Act, breach of contract, and unjust enrichment.
A financial giant - Wells Fargo has denied about any wrong going in their company. To resolve the uncertainty and cost of settlement, Wells Fargo has been agreed to settle down the class action. Every eligible class member will receive a $9.50 refund.
To claim refund into the settlement, individual must fulfill below given eligibilities:
Claims Administrator address:
Jackson Settlement Administrator
C/O Rust Consulting
PO Box 1955
Faribault, MN 55021-6151
1-800-371-7303
Last date to claim refund: January 30, 2015
Final hearing date: March 5, 2015
Refund amount: $9.50
Class Counsel:
NICHOLAS KASTER PLLP
Whenever any financial company offers mortgage to their customers, they have to follow few government rules before adding any extra charges for particular mortgage on customers. If they fail to follow government rules, then financial company have to face lawsuits for their own fraud act. Wells Fargo has also come under the class action due to applying home mortgages flood hazard determinations (FHDs) without following government rules. If you have also charged with illegal FHDs, then claim refund into the Wells Fargo Jackson settlement.
Wells Fargo will pay WFI $19 and it will be charged to customers. But charged amount of Wells Fargo will come back to company as a “kickback” payments from WFI for the FHDs. So, Wells Fargo is cheating the customers by illegally making customers to pay WFI $19. Due to misleading of Wells Fargo, class members have come up with list of acts that are violated by Wells Fargo which includes Estate Settlement Procedures Act, breach of contract, and unjust enrichment.
A financial giant - Wells Fargo has denied about any wrong going in their company. To resolve the uncertainty and cost of settlement, Wells Fargo has been agreed to settle down the class action. Every eligible class member will receive a $9.50 refund.
To claim refund into the settlement, individual must fulfill below given eligibilities:
- Class member must have a home loan through Wells Fargo Bank secured through a primary or subordinate lien
- Plaintiff must have charged for Flood Hazard Determination by Wells Fargo Bank during August 30, 2011 to December 31, 2013.
- Class member must have received a postcard class action notice of Wells Fargo flood insurance class action lawsuit and were identified as a potential Class Member
Highlights of Wells Fargo flood insurance class action:
Official class action website: JacksonSettlement.comClaims Administrator address:
Jackson Settlement Administrator
C/O Rust Consulting
PO Box 1955
Faribault, MN 55021-6151
1-800-371-7303
Last date to claim refund: January 30, 2015
Final hearing date: March 5, 2015
Refund amount: $9.50
Class Counsel:
NICHOLAS KASTER PLLP
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