Ocwen Forced Placed Lender Insurance 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 class action alleges that Ocwen Loan Servicing required home-loan borrowers to pay for lender-placed insurance (LPI) policies from Assurant companies in such a way that Ocwen received a “kickback” commission or other payment. It also claims that the rates and amount of coverage were excessive. The Assurant companies included in the class action are the following:

  • Assurant
  • American Security Insurance Company
  • Voyager Indemnity Insurance Company
  • Standard Guaranty Insurance Company
  • American Bankers Insurance Company of Florida
Docket Number:


Company: Ocwen

Filing Deadline: December 14, 2015

Class Period: January 1, 2008 to January 23, 2015

Objection Deadline: May 12, 2015

Exclusion Deadline: May 12, 2015

Final Approval Hearing: January 23, 2015

Proof of Purchase:

Claim form and affirmations; for those who paid premiums, verification of identity


You may be eligible if you were an Ocwen borrower within the US between January 1, 2008 and January 23, 2015 who was charged by Ocwen for a hazard, flood, flood-gap, or wind-only LPI policy on a residential property. 

Typical Settlement Amount:

12.5% of the Net Premium charged to the claimant during the Class Period for the LPI

Total Settlement Amount: NA

Class Representative Proposed Incentive Fee:


Law Firms:
Harke Clasby & Bushman
Kozyak Tropin & Throckmorton
Podhurst Orseck

Claim Form: Lee/Ocwen Settlement Claim Form

Case Name: Lee v. Ocwen Loan Servicing, LLC,

Settlement Website: www.LeeSettlementInfo.com

Claims Administrator:
Rust Consulting, Inc.

Claims Administrator Contact Information:

Lee Settlement Center

c/o Rust Consulting, Inc.

P.O. Box 2225

Faribault, MN 55021-1625

Tags: Forced Placed Insurance, Your Home