Class Eligibility

All persons or entities who were mortgagors on a Mortgaged Property. “Mortgaged Property” means real property located in New York State on which there was recorded a residential mortgage serviced by Chase, for which all authorized principal, interest and all other amounts due or otherwise owed by law on the residential mortgage was completely paid between May 1, 2011 and before November 7, 2016, and a certificate of discharge or satisfaction of mortgage was not presented within 30 days to the recording officer of the county where the mortgage was recorded.

Estimated Amount

Varies

A Class Member who timely submits a complete and valid Proof of Claim (an “Authorized Claimant”) shall receive one Claim Payment as follows:

  • Authorized Claimants for whom a certificate of discharge or satisfaction of mortgage for a Mortgaged Property was presented to a recording officer for the first time more than 30 days, but less than 61 days, after Satisfaction will receive $250;
  • Authorized Claimants for whom a certificate of discharge or satisfaction of mortgage for a Mortgaged Property was presented to a recording officer for the first time more than 60 days, but less than 91 days, after Satisfaction will receive $500;
  • Authorized Claimants for whom a certificate of discharge or satisfaction of mortgage for a Mortgaged Property was presented to a recording officer for the first time more than 90 days after Satisfaction will receive $750;
  • Authorized Claimants for whom a certificate of discharge or satisfaction of mortgage for a Mortgaged Property was presented to a recording officer but was rejected and subsequently re-presented more than 30 days but less than 61 days after Satisfaction will receive $170;
  • Authorized Claimants for whom a certificate of discharge or satisfaction of mortgage for a Mortgaged Property was presented to a recording officer but was rejected and subsequently re-presented more than 60 days but less than 91 days after Satisfaction will receive $340; and
  • Authorized Claimants for whom a certificate of discharge or satisfaction of mortgage for a Mortgaged Property was presented to a recording officer but was rejected and subsequently re-presented more than 90 days after Satisfaction will receive $510.

Proof of Purchase

Yes

Case Name

Tina Bellino, on behalf of herself and all others similarly situated, v. JPMorgan Chase Bank, N.A.,
Civil Action File No. 14-cv-3139 (NSR).
District Court for the Southern District of New York

Case Summary

The Plaintiff claims that Chase violated New York Real Property Actions and Proceedings Law § 1921 and New York Real Property Law § 275, which require mortgagees to arrange to have satisfactions of mortgage or certificates of discharge presented for recording within 30 days after a mortgage is paid off. Chase denies all the claims in the Action and denies that it has done anything wrong.

Settlement Pool

N/a

Deadline

09/25/2017

Contact


Bellino v. JPMorgan Chase Settlement Administrator
PO Box 43490
Providence, RI 02940-3490
Email: admin@NYMortgageSettlement.com
Toll-free number: 1-844-700-3713

3 responses to “Chase Mortgaged Property Class Action Settlement (New York Only)”

  1. muriel/alice behr freed says:

    THANK YOU\
    TO THE ADMIN@NYMORTGAGSETTLEMENT.COM
    AS
    WE DID HAVE A CHARGE OFF
    DURING THOSE EARS
    OUTLINED

    THE FOLKS ARE DECEASED…THE TRUSTEE..ONE HUNDRED PERCENT BENEFICIARY…ALICE BEHR
    PLEASE MAIL THE CASH TO NEW ADDRESS….AS THE PROPERTY WAS ALSO TIMESHARE VACATION PROPERTIES…AND RCI PROPERTIES…

    ADMIN – Hi Muriel,

    Leaving a comment here is not the way to go about this. You need to contact the admin directly.

  2. Trameka Richardson says:

    I been with Chase Mortgage for years now

    ADMIN – Hi Trameka,

    That is not the only requirement for this settlement. Please read the section titled class eligibility,.

  3. Ron Ross says:

    Chase cashed my auto-loan payoff and despite constant calls back & forth, it took them nearly SEVEN months to admit they made a mistake…this includes copies of the check faxed to them!!!

    ADMIN – Hi Ron,

    That is so frustrating.

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