Homeward Lender-Placed Insurance Class Action Settlement
“If you were or are a borrower with a loan secured by property in Florida who were charged by Homeward between July 1, 2008 and March 31, 2013 for one or more LPI policies, and who either (1) paid some or all of this premium (less any refund you received), or (2) did not pay some or all of this premium but still owe some or all of this premium, you are a member of the Settlement Class and may be eligible for a payment or mortgage escrow account credit.”
Amount will be 12.5 percent of LPI charged on homeowner account during eligible Class period.
Proof of Purchase
Julie Ann Rico v. American Home Mortgage Servicing Inc., Case No. 502009CA034657Florida 15th Circuit Court
The lawsuit alleges that the defendant contracted home insurance for properties whose policies had lapsed. The policies selected by the defendant were far more expensive that the amount that the home owner should have paid and in violation of the Florida Deceptive and Unfair Trade Practices Act