You may be able to receive money from a fund settling the United States’ lawsuit against JPMorgan Chase Bank, N.A. (“Chase”). The purpose of the settlement fund is to compensate certain minority borrowers whom the United States alleges suffered discrimination when they took out Chase “wholesale” mortgage loans originated by independent mortgage brokers from 2006 to 2009.
The United States filed a housing discrimination lawsuit against Chase claiming that qualified African-American and Hispanic borrowers who took out “wholesale” home loans with thousands of independent brokers who did business with Chase from 2006 through 2009 paid higher interest rates and fees than similarly situated white borrowers.
The United States and Chase agreed on a settlement, which was approved by the United States District Court for the Southern District of New York on January 20, 2017. The settlement, among other provisions, established a $53.3 million fund to pay African-American and Hispanic borrowers identified as victims by the United States.
In order to participate in the Settlement your Registration Form must be filed electronically here or postmarked on or before July 30, 2018, and mailed to:
United States v JP Morgan Chase Bank
P.O. Box 404048
Louisville, KY 40233-4048