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Bank of America FHA-Insured Loan Class Action Settlement

Closed Settlement Statement: 
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.
Settlement Structure: 
Case Summary: 

The plaintiff in this lawsuit alleges that Bank of America breached the promissory notes underlying consumers' FHA-insured home loans when they collected post-payment interest without providing an FHA-approved payoff disclosure to borrowers who made a pre-payment inquiry, request for payoff figures, or tender of prepayment.

Docket Number: 
Bank of America
Class Period: 
Saturday, June 1, 1996 to Tuesday, January 20, 2015
Objection Deadline: 
Monday, February 6, 2017
Exclusion Deadline: 
Monday, February 6, 2017
Final Approval Hearing: 
Thursday, March 23, 2017
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