Mariner Finance Refinancing and Insurance Charges Maryland Settlement

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:

This settlement resolves a class action against Mariner Finance, LLC. The complaint alleged that Mariner charged customers refinancing charges but did not include those with the simply interest rate in the promissory notes, possibly because the interest rates might then higher than allowed by Maryland laws. It also claimed that Mariner retained a portion of insurance charges, in violation of Maryland laws.

Docket Number:

24C18000053

Company: Mariner Finance LLC

Class Period: June 29, 2018

Objection Deadline: October 13, 2018

Exclusion Deadline: October 13, 2018

Final Approval Hearing: December 5, 2018

Proof of Purchase:

Presumably company records will be used for verification.

Eligibility:

You may be eligible if you are a Maryland citizen who, by June 29, 2018, entered into a promissory note with Mariner Finance governed by Maryland’s Credit Grantor Closed End Credit Provisions (CLEC) law, (1) which included a “refinance charge” and/or (2) where Mariner Finance sold an insurance product and received compensation in connection with it. For exclusions, see the Notice at http://halesettlement.com/wp-content/uploads/2018/08/MarinerFinanceFinalLongNotice.pdf.

The claim filing deadline has not yet been set but will be ninety days after final approval.

Typical Settlement Amount:

Final amounts will depend on the number of valid claims received. Class members can receive up to three times the amount of the refinance and insurance charges in the transaction; or, if there is not enough money in the Common Fund to pay this amount, each class member will get a proportionate payment from the fund.

Total Settlement Amount: $1,500,000

Class Representative Proposed Incentive Fee:

$3,500

Law Firm:
Gordon Wolf & Carney CHTD

Claim Form: Mariner Finance Refinancing Charges Settlement Claim Form

Case Name: Hale v. Mariner Finance, LLC

Settlement Website: Mariner Finance Refinancing Charges Settlement Website

Claims Administrator:
Strategic Claims Services

Claims Administrator Contact Information:

Hale v. Mariner Finance LLC Lawsuit
c/o Strategic Claims Services
P.O. Box 230
Media PA 19063
1-866-274-4004

Tags: Excessive Interest Rate, Misrepresenting Terms of Loan, Mortgage or Loan Modifications, Overcharges to Insurance Companies/Insured People