Follow us on Twitter and Facebook for the latest Class Action Settlement News!

Top Class Actions Logo

 

We’re sorry! This settlement is CLOSED!

Sign up for the free Top Class Actions Newsletter below so next time you won’t miss out and head over to the Open Settlements and Class Action Lawsuit Settlement Investigations sections to see what lawsuits may affect you!

 

 

Sign up for our free newsletter to get updates on new class action lawsuits and settlements.

 

Click here to skip the legal notice and go straight to the Top Class Actions article on this class action lawsuit settlement.

 

 No Legal Notice

 

Award (how much your claim may be worth): You can receive $150 cash.

 

Class Action Lawsuit Settlement Case(s):  Marika Hamilton v. Wells Fargo Bank, N.A., Case No. 09-cv-04152 CW, U.S. District Court, Northern District of California, Oakland Division.

 

Company(ies): WELLS FARGO BANK, N.A.

Wells Fargo

 

 

 

 

 

 

 

 

 

 

Website of the Class Action Lawsuit Settlement Administrator (FILE YOUR CLAIM HERE): www.HELOCSettlement.com

 

Address to submit a claim form (REQUIRED):

 

To receive your $150 cash payment from the Wells Fargo HELOC class action lawsuit settlement, you must mail a completed claim form to the following address postmarked by June 25, 2012. Claim forms can be downloaded at www.HELOCSettlement.com.
 
HELOC Claims Administrator
P.O. Box 2661
Faribault, MN 55021-9661

 

Phone Number to call for assistance: (866) 459-0120

 

Details: The Wells Fargo HELOC settlement will resolve a class action lawsuit, entitled Marika Hamilton v. Wells Fargo Bank, N.A., that alleges Wells Fargo improperly suspended borrowers’ HELOC’s based on false claims that their financial circumstances had deteriorated or that their homes had significantly declined in value.

Wells Fargo denies it violated the law, but has agreed to a class action lawsuit settlement to avoid ongoing litigation.

You are a Class Member of the Wells Fargo HELOC class action lawsuit settlement if you meet the following criteria:

1. You are a member of the Financial Circumstances Class if you were a Person in the United States from January 1, 2008 to June 30, 2011 whose Wells Fargo HELOC account was suspended or reduced by Wells Fargo based on a claim by Wells Fargo that your financial circumstances had experienced an adverse material change to justify the suspension or reduction.
  
2. You are a member of the Property Value Class
if you were a Person in the United States from July 1, 2008 to June 30, 2011 whose Wells Fargo HELOC account was suspended or reduced based on a claim by Wells Fargo that the value of the property securing the HELOC (i.e., your home) had experienced a significant decline in value to justify the suspension or reduction. 

3. You are a member of the Former Customer Class if you were a Person in the United States from January 1, 2008 to June 30, 2011 who (i) closed his or her HELOC account following a suspension or reduction of the account by Wells Fargo based upon a claim by Wells Fargo that there was either a material adverse change in your financial circumstances, or a significant decline in the value of the property securing the HELOC, and (ii) incurred a Deferred Origination Fee from Wells Fargo as a result of the closure.

The Wells Fargo HELOC class action settlement provides a number of benefits to Class Members, including, but not limited to, the following:

– Members of the Financial Circumstances Class and Property Value Class will have their HELOCs proactively considered for reinstatement by Wells Fargo for a period of 12 months following final approval of the class action lawsuit settlement. Wells Fargo will conduct 4 rounds of proactive account reinstatements during this period. These Class Members will automatically receive this settlement benefit.

– Members of the Former Customer Class will receive a $150 cash award if they submit a Claim Form verifying (i) that they closed their HELOC account in response to Wells Fargo’s suspension or reduction of their account based on an adverse change in financial circumstances or a significant decline in their property value, and (ii) that they incurred a Deferred Origination Fee from Wells Fargo after closing the account. Claim Forms must be submitted to the Settlement Administrator postmarked by June 25, 2012. Claim Forms can be found online at www.HELOCsettlement.com or by calling 866-459-0120.

More information on your rights in the Wells Fargo HELOC Class Action Lawsuit Settlement, as well as a detailed breakdown of all the settlement benefits, can be found at www.HELOCsettlement.com.

 

Purchased or Leased From: 

January 1, 2008 to June 30, 2011

July 1, 2008 to June 30, 2011

 

Claims must be postmarked by: 6/25/12

 

MORE DETAILS BELOW!

 

{loadposition content_inline}


Settlement Administrator(s): Rust Consulting, Inc.

 

Class Counsel:

 

Jay Edelson, Esq.
Steven L. Woodrow, Esq.
Evan Meyers, Esq.
Edelson McGuire LLC
 

Defense Counsel:

 

Mark D. Lonergan, Esq.
Kalama M Lui-Kwan, Esq.
Severson & Werson

  

Sign up for our free newsletter to get updates on new class action lawsuits and settlements.

 

{loadposition content_postads}

 

LEGAL INFORMATION IS NOT LEGAL ADVICE
This site provides information about the law and class action lawsuit settlements designed to help users safely cope with their own legal needs. Legal information is NOT the same as legal advice – the application of law to an individual’s specific circumstances. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a lawyer if you want professional assurance that our information, and your interpretation of it, is appropriate to your particular situation. You should consider all postings or writings at TopClassActions.com by staff or others as personal opinion only and NOT the advice of a lawyer. 
Top Class Actions Legal Statement

 

©2008 – 2012 Top Class Actions® LLC

Various Trademarks held by their respective owners.

 

{loadposition content_asterpix}

2 Comments

  • Richard Fontaine January 30, 2013

    I know the time to file a claim has passed. However, I am not seeking a monetary settlement. I am interested in getting my HELOC reinstated. Is this a possibility?

    Thank you.

    Richard Fontaine
    3935 San Gregorio Way
    San Diego , CA 92130

  • anthony strickland June 19, 2013

    because i lost my home i just got notice of class actions law suit . i missed out is there any thing that i can do ..

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Categorized in: