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Seterus Force-Placed Insurance Class Action Settlement

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Settlement Structure: 
Case Summary: 

The plaintiffs in this lawsuit allege that when a borrower was required to have insurance for his or her property pursuant to a residential mortgage or home equity loan or line of credit, and evidence of acceptable coverage was not provided, Seterus would place insurnace in a manner such that they allegedly received an unauthorized benefit.  These "kickbacks" came at the expense of consumers who were charged excessive rates.

Docket Number: 
1:15-cv-23107-DPG
Company: 
Seterus
Class Period: 
Thursday, August 19, 2010 to Friday, November 4, 2016
Filing Deadline: 
Sunday, July 16, 2017
Objection Deadline: 
Wednesday, March 15, 2017
Exclusion Deadline: 
Wednesday, March 15, 2017
Final Approval Hearing: 
Friday, April 14, 2017
image depicting force placed insurance