IndianaNews

AG: 2,800 Hoosier borrowers eligible for HSBC reimbursements

(Source: http://www.aag.com/ Terms: https://goo.gl/t0dOs4)

INDIANAPOLIS (AP) — Attorney General Greg Zoeller says about 2,800 Indiana borrowers should watch for mailed notices this month that will tell them how to claim reimbursements from mortgage lender and servicer HSBC.

Zoeller said Monday that borrowers whose mortgages were foreclosed upon between Jan. 1, 2008, and Dec. 31, 2012, with servicing abuses by HSBC are eligible. Individual payments will start at $780, and total Indiana reimbursement could top $2 million as the result of a $470 million federal-state settlement with the lender.

Zoeller says affected borrowers should have received an initial postcard notice from HSBC settlement administrators informing them of their eligibility. Instruction packets will be mailed out Wednesday. All claim forms are due by Nov. 1, and payments are expected to be mailed out next February and March.

Related posts

City of Elkhart Hosting Landlord Information Session

Jon Zimney

South Bend high school teacher arrested on minor-involved charges

Jon Zimney

Gov. Braun launches chatbot to make healthcare costs more transparent

Network Indiana

Leave a Comment