April 20, 2021
Under certain circumstances, mortgage borrowers may be forced to pay for insurance policies chosen by their mortgage lender or servicer. This force-placed insurance (FPI) arrangement is not illegal. However, the complaint for this class action questions the FPI practices of Rushmore Loan Management Services, LLC, however, alleging that the company receives “an unearned kickback designed to encourage the referral of business at extraordinarily high prices.”
Case Event File: Rushmore Loan Kickbacks Alleged for Forced-Placed Insurance ComplaintRelated to: Rushmore Loan Kickbacks Alleged for Forced-Placed Insurance Class Action
