Claims submitted after this date will not be considered, and you will not be paid.
By submitting a Claim Form, you may be entitled to receive the following benefits:
-
Monetary Compensation: The Settlement consists of three separate payments by ACI, referred to as
Funds A, B and C, as described below, and cover all claims, attorneys' fees and costs, service awards
to the Class Representatives, costs of administration the settlement, reimbursement for previously
unreimbursed actual damages and non-monetary relief, valued at $1,000,000 in business practice
changes.
- Fund A Claims. ACI will set aside $5 million to pay all Claims, Attorneys' Fees and Expenses,
Service Awards and Settlement Administration costs associated with the Settlement. Each
Settlement Class Member who submits a Claim Form may receive $100 unless such amount was
previously paid to them by ACI or Nationstar as part of an overpayment. If Fund A is
oversubscribed, then there will be a pro rata reduction in the amount received. Yet, in the event
that funds remain in Fund A after payment of the above items, all remaining amounts will be
increased pro rata to the Claimant.
- Fund B Claims. ACI will set aside $1 million to pay claims submitted by Settlement Class
Members who can prove that they have suffered unreimbursed actual damages as a result of the
Incident. There is no cap on the amount of such claims.
3. Fund C Claims. Under this provision, ACI has agreed to pay up to an additional $500,000 to
claimants based upon participation rates of Settlement Class Members who file claims within
Fund A.
- Fund C Claims. Under this provision, ACI has agreed to pay up to an additional $500,000 to
claimants based upon participation rates of Settlement Class Members who file claims within
Fund A.
- Additional Monetary Relief. Defendants will forgive and waive any entitlement that they may have
to recover from the Settlement Class, $2,860,000 in overpayments made by ACI to approximately
1,200 Settlement Class Members, and approximately $190,000 in damages payments made by
Nationstar to Settlement Class Members.
- Non-Monetary Relief. ACI has agreed to provide non-monetary relief to the Settlement Class valued
at $1,000,000. This will require ACI to provide evidence of implementing changes to its business
practices so as to prevent a situation like the incident from occurring in the future.
These Settlement Benefits will be distributed only if the Settlement is approved by the Court. For details
regarding the benefits of the Settlement, please visit the Important Documents
page or call 1-855-645-0554.
Please note: The Settlement Administrator may contact you to request additional documents or
information needed to process your claim.
Please add the email, Confirmation@ACHLoanPaymentLitigation.com,
to your contact list to ensure that future correspondence is delivered to your inbox.