Settlement Structure: Claims Made
Active: Closed
Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.
Case Summary:Gregory Funding, LLC is paying $400,000 to settle a class action alleging it violated the Truth in Lending Act (TILA) and Fair Debt Collection Practices Act (FDCPA) because the statements it sent to customers misrepresented suspense balances.
Docket Number:2017-20800
Company: Gregory Funding, LLC
Filing Deadline: July 23, 2021
Class Period: May 18, 2016 to April 30, 2017
Objection Deadline: July 23, 2021
Exclusion Deadline: July 23, 2021
Proof of Purchase:No proof is required. If your mortgage is no longer serviced by Gregory Funding, you must submit a claim form. If your mortgage is still serviced by Gregory Funding, you do not have to file a claim form, and your payment will come in the form of a credit posted to your unpaid mortgage balance in your account.
Eligibility:You may be eligible if you are a member of either of these two classes:
- TILA Class: All borrowers of residential mortgages who received a statement from Gregory Funding between May 18, 2016 and April 30, 2017 that did not give the accurate balance of the borrower’s suspense account.
- FDCPA Class: All borrowers of residential mortgages whose accounts were delinquent when Gregory Funding began servicing them and who received a statement from Gregory Funding between May 18, 2016 and April 30, 2017 that did not give the accurate balance of the borrower’s suspense account.
Typical Settlement Amount:Class members will receive a share of the net settlement fund.
Total Settlement Amount: $200,000
Class Representative Proposed Incentive Fee:Unknown
Law Firms:
Edwards Law Group, PLLC
Gubernick Law, PLLC
Claim Form: Gregory Funding Mortgage Statements TILA and FDCPA Settlement Claim Form
Case Name: Todd White v. Gregory Funding, LLC
Settlement Website: Gregory Funding Mortgage Statements TILA and FDCPA Settlement Website
Claims Administrator:
Kroll Settlement Administration, LLC
White v. Gregory Funding LLC
Settlement Administrator
P.O. Box 31
Warminster, PA 18974-0031
1-888-972-6583
