Chase Mortgaged Property Class Action Settlement (New York Only)
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
Settlement Website
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