First Niagara Bank Mortgage Satisfaction Notification Class Action Settlement
Class Eligibility
You are a member of the class if you paid residential mortgage in New York State to First between July 19, 2010 and November 14, 2014 for whom Next Niagara failed to submit notification of payment to the respective county clerk
Estimated Amount
$750
Proof of Purchase
Mortgage Info
Case Name
Zink v. First Niagara Bank Settlement
Civil Action No. 1:13-cv-01076-RJA
District Court, Western District of New York
Case Summary
According to the lawsuit First Niagara failed to timely present to the county clerks of New York State proof that mortgages had been satisfied. N.Y. Real Prop. Acts. Law § 1921 and N.Y. Real Prop. Law § 275 provide that a lender who fails to present to the proper county clerk a satisfaction of mortgage when a borrower has paid the entire principle and interest due on a mortgage within 30 days is liable to the mortgagor for $500, if a mortgagee fails to do so within 30 days; $1000, if a mortgagee fails to do so for more than 60 days; or $1500, if a mortgagee fails to do so for more than 90 days.
Settlement Pool
$2,200,000
Settlement Website
Deadline
10/08/2016
Contact
Zink First Niagara Settlement
P.O. Box 3230
Portland, OR 97208-3230
1-888-509-2659
info@ZinkFirstNiagaraSettlement.com
