For all U.S borrowers who between April 8, 2009 and June 30, 2015, were charged by U.S. Bank under a hazard, flood, flood-gap or wind-only lender-placed insurance (LPI) policy for residential property, and who either paid to U.S. Bank the net premium for that LPI policy or who did not pay and still owe U.S. Bank the net premium for the LPI policy, you are eligible for a potential award from the U.S. Bank Force-Placed Insurance Class Action Lawsuit! According to the lawsuit, U.S. Bank placed the insurance on borrowers’ property in such a manner that the bank would receive an unauthorized benefit and get “kickbacks” in the form of commissions from the Assurant defendants. Although U.S. Bank denies all acts of wrongdoings, they have agreed to settle the class action lawsuit in order to avoid the further risk and cost of ongoing litigation. So if you are eligible, file a claim by 8/30/2016 to receive your potential award!
U.S. Bank Class Action Lawsuit:
- U.S. Bank Forced-Placed Insurance Claim Form
- Claim Form Deadline: 8/30/16
- Who’s Eligible: U.S borrowers who between April 8, 2009 and June 30, 2015, were charged by U.S. Bank under a hazard, flood, flood-gap or wind-only lender-placed insurance (LPI) policy for residential property, and who either paid to U.S. Bank the net premium for that LPI policy or who did not pay and still owe U.S. Bank the net premium for the LPI policy
- Estimated Amount: Varies.
- Proof of Purchase: N/A
- Case Name & Number: State Of Washington v. AU Optronics Corporation et al.,Case No. 10-2-29164, in the State of Washington King County Superior Court
How to File a Claim:
- Head on over to the U.S. Bank Forced-Placed Insurance Claim Form.
- Read over the claim form to see if you qualify.
- Fill the claim form out with your information.
- Submit your claim by 8/31/16 to receive your potential award!
Bottom Line:
For all U.S. borrowers between April 8, 2009 and June 30, 2015, were charged by U.S. Bank under a hazard, flood, flood-gap or wind-only lender-placed insurance policy for residential property, and who either paid to U.S. Bank the net premium for that LPI policy or who did not pay and still owe U.S. Bank the net premium for the LPI policy, you are eligible for a potential award from the U.S. Bank Forced-Placed Insurance Class Action Lawsuit. U.S. Bank denies all acts of wrongdoings, however they had agreed to settle the class action lawsuit in order to avoid the further risk and cost. To receive your award, you must submit a claim by 8/31/16! Don’t forget to take a look at our full list of Class Action Lawsuit Settlements!
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Is there similar class action suit against Chase ? Same issue,,Thank you in advance