McLaughlin v. Wells Fargo Bank, N.A.
www.MortgagePayoffStatementClassAction.com

Overview

UPDATE:
The Court entered its Final Judgement on April 11, 2017 and approved the distribution to the Damages Class members in accordance with the settlement. Settlement checks were mailed to eligible Damages Class members on June 7, 2017.

The deadline to cash settlement checks is October 5, 2017.

This website contains information regarding a class action lawsuit entitled McLaughlin v. Wells Fargo Bank, N.A., Case No. 3:15-cv-02904-WHA. This lawsuit alleges that Wells Fargo violated the Truth In Lending Act ("TILA") by issuing payoff statements that did not credit or disclose property insurance claim funds held by Wells Fargo and which were potentially available to be applied to an account.

On November 18, 2016, the United States District Court for the Northern District of California granted preliminary approval of a settlement in this class action.

Following a Final Approval Hearing on March 9, 2017, the United States District Court for the Northern District of California approved the proposed settlement as fair, reasonable, and adequate.

Damages Class Members, constituting approximately 350 accounts, were mailed settlement checks representing a pro rata share, on a per account basis, of the Damages Class Fund. Each account received $2,580.64. Payments to Damages Class Members who did not complete and return a W-9 form were subject to back up withholding.

Please note that Declaratory Relief Members are not entitled to monetary relief in this lawsuit. Please read the Notice for more information about the release and to fully understand your rights.