For all borrowers in the United States who, within the Class Period (July 11, 2010 through Oct. 15, 2015), were charged by a SPS under hazard LPI Policy for residential property and who, within the class period either paid to SPS the net Premium for that LPI Policy or did not pay SPS the Net Premium for that LPI Policy, then you are eligible for a potential award from the Select Portfolio Servicing Forced Planned Insurance Class Action Lawsuit! According to the lawsuit, SPS force-placed insurance on borrowers’ property in such a way that SPS received an unauthorized benefit. SPS denies all acts of wrongdoings but agreed to settle the forced-placed insurance class action to avoid the cost and risk of trial. So if you are eligible, file a claim no earlier than 7/25/2016 to receive your potential award!
SPS Forced-Placed Insurance Class Action Lawsuit:
- SPS Forced-Placed Insurance Breach Claim Form
- Claim Form Deadline: No earlier than 7/25/2016
- Who’s Eligible: All Borrowers in the United States who, within the Class Period [July 11, 2010 through Oct. 15, 2015], were charged by SPS under a hazard or wind-only LPI Policy for Residential property and who, within the Class Period, either (i) paid to SPS the Net Premium for that LPI Policy or (ii) did not pay to and still owe SPS the Net Premium for that LPI Policy.
- Estimated Amount: Varies.
- Proof of Purchase: N/A
- Case Name & Number: Juan Almanzar, et al. v. Select Portfolio Servicing Inc., et al., Case No. 14-cv-22586-Moreno, in the U.S. District Court for the Southern District of Florida
How to File a Claim:
- Head over to the SPS Forced-Placed Insurance Claim Form.
- Read over the claim form and see if you are eligible.
- Fill the claim form out with your information.
- Submit your claim no earlier than 7/25/2016 to receive your potential award!
Bottom Line:
If you were a borrower in the United States who was charged by SPS under a hazard or wind-only LPI Policy for Residential property and who, within the Class Period, either paid to SPS the Net Premium for that LPI Policy or did not pay to and still owe SPS the Net Premium for that LPI Policy, then you are eligible for a potential award from the SPS Forced-Placed Insurance Class Action Lawsuit! Select Portfolio Servicing Inc. force-placed insurance on borrowers’ property in such a way that SPS received an unauthorized benefit. The defendant denies all acts of wrongdoings, but have agreed to the settlement in order to avoid further risk and cost of ongoing litigation. So if you are eligible, file a claim no earlier than 7/25/2016 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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