To homeowners of a force-placed insurance that were charged by PennyMac under a hazard, flood, or wind lender placed insurance policy placed by the QBE defendants for a residential property between Feb. 1, 2011 and Oct. 18, 2016, who either payed the net premium or did not pay and still owe Penny Mac for the net premium, you are eligible for a potential award from the PennyMac Loan Services Forced Placed Insurance Class Action Lawsuit! According to the lawsuit, PennyMac Loan Services LLC made force-placed insurance policies on homeowners in such a manner that they received an excessive unauthorized benefit/kickback from the insurance company. PennyMac denies that it did any wrong doings and that they did not violate any laws however, 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 July 13, 2017 to receive your potential award!
PennyMac Forced Placed Insurance CAL:
- PennyMac Loan Services Forced Placed Insurance Claim Form
- Claim Form Deadline: 07/13/2017
- Who’s Eligible: Homeowners of a force-placed insurance that were charged by PennyMac under a hazard, flood, or wind lender placed insurance policy placed by the defendants for a residential property between Feb. 1, 2011 and Oct. 18, 2016, who either payed the net premium or did not pay and still owe Penny Mac for the net premium.
- Estimated Amount: Varies
- Proof of Purchase: Those who are claiming may be asked to have signature of a witness, a copy of a valid form of identification, a copy of a PennyMac mortgage statement, or a notary verification.You must also affirm under penalty of perjury that the info and documents handed are true and correct.
- Case Name & Number: Cooper v. PennyMac Loan Services LLC, et al., Case No. 1:16-cv-20413-JEM, in the U.S. District Court for the Southern District of Florida
How to File a Claim:
- Head on over to the PennyMac Loan Services Forced Placed Insurance Claim Form.
- Read over the claim form to see if you are eligible.
- Fill out the claim form with your information.
- Submit your claim by July 13, 2017 to receive your potential award!
Bottom Line:
For homeowners of a force-placed insurance that were charged by PennyMac under a hazard, flood, or wind lender placed insurance policy placed by the QBE defendants for a residential property between Feb. 1, 2011 and Oct. 18, 2016, who either payed the net premium or did not pay and still owe Penny Mac for the net premium, you are eligible for a potential award from the PennyMac Loan Services Forced Placed Insurance Class Action Lawsuit! According to the lawsuit, PennyMac Loan Services LLC made force-placed insurance policies on homeowners in such a manner that they received an excessive unauthorized benefit/kickback from the insurance company. So if you are eligible, file a claim by July 13, 2017 to receive your potential award! Don’t forget to take a look at our full list of Class Action Lawsuit Settlements!
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