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This website has been established to provide class members with information regarding the class action lawsuit settlement for Cooper v. PennyMac Loan Services, LLC. This lawsuit involves lender-placed insurance (“LPI”), which is insurance (hazard, flood, or wind) that is placed on a borrower’s property to protect the borrower and mortgage lender when the borrower’s insurance policy lapses, or when the borrower does not maintain a homeowner’s insurance policy that is acceptable to the mortgage lender.

If you were charged by PennyMac Loan Services, LLC (“PennyMac”) during the Class Period, as defined below, for a lender-placed insurance (“LPI”) policy for your residential property, and you paid all or a portion of the premium for that policy to PennyMac during that time, you could receive a cash award from a class action settlement. 

Your Legal Rights and Options in the Settlement

Submit a Claim Form

The only way to receive a cash award or credit towards what you currently owe.

Exclude Yourself from the Settlement

You can exclude yourself, or “opt-out” of the Settlement Class, if you do not wish to participate. This means you will receive no payment or credit as part of this Settlement, nor any of the additional Settlement benefits.

Object

You may object to or comment on all or part of the proposed Settlement if you are a Settlement Class Member and do not opt out of the Settlement. To do so, you (or your attorney on your behalf) must submit a valid objection.

Go to a Hearing

If you are part of the Settlement Class, you may ask the Court for permission for you or your attorney to speak at the Final Approval Hearing.

Do Nothing

If you do nothing as a Settlement Class Member, you’ll receive no money or credit from this Settlement. But, unless you exclude yourself from the Settlement, you will not be able to start a lawsuit or continue with a lawsuit against Defendants about the legal issues that were or could have been raised in this case, ever again.

 

YOUR LEGAL RIGHTS ARE AFFECTED WHETHER YOU ACT OR DON’T ACT. PLEASE READ THE NOTICE CAREFULLY, AND GET MORE INFORMATION IF YOU NEED IT. THE NOTICE WILL TELL YOU HOW TO GET THAT INFORMATION.

Questions? Leave a Message for the Settlement Administrator at 1-866-254-8702. Link to NFL.com

Disclaimer

This site is not operated by the Court, Class Counsel, Defendant’s Counsel, or Defendants. This class action settlement is supervised by the Court and is administered by a consulting firm that handles all aspects of settlement administration.

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