Consumers who were charged for a lender placed insurance policy by Shellpoint on or after March 1, 2014 and who paid all or a portion of the premium for that policy between March 1, 2014 and April 4, 2019, are eligible for a potential award from the Shellpoint Mortgage Lender Placed Insurance Class Action Lawsuit!
According to the lawsuit, when Shellpoint secured a lender placed insurance policy for their borrowers, insurance companies like Overby-Seawell paid Shellpoint if they used them for insurance. Shellpoint denies all acts of allegations, 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 November 12, 2019 to receive your potential award!
Shellpoint Mortgage Lender Placed Insurance Lawsuit
- Shellpoint Mortgage Lender Placed Insurance Claim Form
- Claim Form Deadline: November 12, 2019
- Who’s Eligible: Consumers who were charged for a lender placed insurance policy by Shellpoint on or after March 1, 2014 and who paid all or a portion of the premium for that policy between March 1, 2014 and April 4, 2019.
- Estimated Amount: 8.875 percent refund of premiums charged by Shellpoint under a lender placed insurance policy.
- Proof of Purchase: N/A
- Case Name & Number: Chong v. New Penn Financial LLC d/b/a Shellpoint Mortgage Servicing, Case No. 9:18-cv-80948-RLR, in the U.S. District Court for the Southern District of Florida
How To File a Claim
- Head over to the Shellpoint Mortgage Lender Placed Insurance‘s Claim Form.
- Look over the claim form to see if you are eligible.
- Complete the claim form with your information.
- Submit your claim by November 12, 2019 to receive your potential award!
Bottom Line
For consumers who were charged for a lender placed insurance policy by Shellpoint on or after March 1, 2014 and who paid all or a portion of the premium for that policy between March 1, 2014 and April 4, 2019, then you are eligible for a potential award from the Shellpoint Mortgage Lender Placed Insurance Class Action Lawsuit!
According to the lawsuit, it is illegal for these lenders to accept kickbacks in return for choosing a certain insurance company. So if you are eligible, file a claim by the deadline 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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