If you were charged as insureds or additional insureds under a lender-placed hazard insurance (“LPI”) policy, you may be entitled to a class action settlement award! Online claim filing is available…
In Diaz v. HSBC Bank USA, N.A., et al., plaintiffs alleged that when a borrower was required to have insurance for his or her property pursuant to a residential mortgage or home equity loan or line of credit, and evidence of acceptable coverage was not provided (for example, when the insurance policy did not exist or had lapsed), the HSBC Defendants would place insurance in a manner that enabled them to obtain an unauthorized benefit. Plaintiff also alleges that the way in which hazard LPI Policies were obtained and placed caused the rates and the amount of coverage to be excessive.
Awards will be made as follows:
- Settlement Class Members who paid for all or a portion of the charges for a hazard LPI Policy on their property and who submit a timely, valid and verified Claim Form will receive a Settlement Payment via check, in the amount of 13% of the Net Premium of the hazard LPI Policy.
- Settlement Class Members who were charged but did not pay for a hazard LPI Policy on their property and who submit a timely, valid and verified Claim Form will receive a Settlement Payment either via check or by account credit, at the HSBC Defendants’ sole option, in the amount of 6% of the Net Premium of the hazard LPI Policy.
Online claim filing is available…
Click here to see if you qualify for this settlement and fill out a claim form. It’s your money, what are you waiting for?!
Case# 13-CV-21104-FAM
Diaz settlement HSBC
Hello, on december I received a check for Diaz settlement on the name of Lidia Herrera and Cecil Lewis but because Cecil is not longer living in the house and I don’t know where to find him, I sent the check back to you
And asked you to send me the check only with my name or Cecil Lewis. I’m still waiting for that check. Thank you for your held I’ll appreciated very much.
Sincerely,
Lidia Herrera.
I have been with HSBC Bank USA for 7 years .The customer service in this bank has exceeded my expectations. Manager helped me get organized in a way that has helped me grow my business. I recommend that any young entrepreneur or start up to get signed up with their business banking services as it can be difficult for an artist/creative person to get organized. I also have an account here and I am very satisfied with this bank. Incidentally, if you are searching information about HSBC Bank USA you can find it here http://www.usbankinginfo.com/bank/hsbc-bank-usa/
Hello, on December I received a check for Diaz settlement on the name of Hector Franco, but because Hector Franco is no longer living in the house since 2012. We divorce and the house is under my name and I was the one who claim the money, I sent the check back to you and asked to send me the check with my name new name after divorced. I also, sent you copy of the divorce documents MARIA ORQUIDE DIAZ SANQUINTIN, I’m still waiting for that check. Thank you for your held I’ll appreciated very much. I sent emails to all the lawyers, but still nothing .
Sir/ Mam
I bought a house in South Carolina in 2004 and was paying the ” Hazard” portion included
in my HSBC mortgage payments for just about ten years.
I filed my claim in a very timely manor after the HSBC vs. Diaz case.
I became disabled in 2013 and lost my home through forclosure. I now reside in Ohio with
family since November 2014.
I have been searching for my 13% settlement from HSBC. And am seeking assistance in
this matter and would be grateful for any assistance…………..David.
I filed this claim in April of 2014, and I still have not received any settlement. Is this case still going on?
Thank you.