For individuals who have received a mortgage from Specialized Loan Servicing LLC between January 1, 2011 and October 31, 2018 and were charged for a hazard, flood, flood gap, or wind-only lender placed insurance may receive potential compensation thanks to the Specialized Loan Servicing LPI Class Action Lawsuit!
According to the lawsuit, instead of homeowners directly paying the insurance companies, the lender puts a policy into place, pays the premiums, and charges those premiums to homeowners. Although there is nothing illegal with this, plaintiffs claim that Specialized Loan Servicing accepted illegal kickbacks from insurance companies.
If you’re eligible for this class action lawsuit, be sure to submit your claim form by July 1, 2019.
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Specialized Loan Servicing LPI Class Action Lawsuit
- Specialized Loan Servicing LPI Claim Form
- Claim Form Deadline: July 1, 2019
- Who’s Eligible: Mortgage borrowers who were charged by Specialized Loan Servicing for a hazard, flood, flood gap, or wind-only lender placed insurance between Jan. 1, 2011 and Oct. 31, 2018.
- Estimated Amount: 3% – 6% of the net premium paid.
- Proof of Purchase: A copy of a SLS mortgage statement, a valid form of identification and a partial Social Security number is required when submitting a claim.
- Case Name & Number: Smith v. Specialized Loan Servicing LLC, et al., Case No. 3:17-cv-06668-BRM-DEA, in the U.S. District Court for the District of New Jersey
File a Claim
- Head over to the Specialized Loan Servicing LPI Claim Form
- Look over the claim form to see if you are eligible.
- Complete the claim form with your information.
- Submit your claim by July 1, 2019 to receive your potential award!
Bottom Line
If you’re an individual who has been affected by Specialized Loan Servicing LLC between January 1, 2011 and October 31, 2018, be sure to submit your claim form and receive your potential compensation from the Specialized Loan Servicing LPI Class Action Lawsuit!
Claimants have until July 1, 2019 to submit their claim form. Proof of purchase is required so make sure you gather the necessary information before submitting.
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