Refusal to Pay Interest

Kaiser-Francis Oil Company Interest on Royalty Payments Class 2 Settlement

Kaiser-Francis Oil Company is paying $1.6 million to settle the second part of a class action about royalties from the sale of oil, gas, or other minerals from wells in Oklahoma. The complaint alleged that Kaiser-Francis did not pay the statutory interest owed on royalty payments that were made late, as required by Oklahoma’s Production  Read more

Merit Energy No Interest with Late Payments Oklahoma Class Action

Merit Energy Company, LLC produces oil, gas, and other constituent products from oil and gas properties, for which it pays royalties to those with interest in these properties. Oklahoma’s Production Revenue Standards Act (PRSA) requires that when those payments are made beyond the time period in which they are due, oil and gas producers must  Read more

LoanCare Payment of Interest on California Mortgage Escrow Accounts Class Action

LoanCare, LLC is a mortgage lender who makes loans secured by real estate in California, so the complaint for this class action says it must follow the California law, including the law requiring it to pay borrowers a minimum of 2% interest on money put in impound escrow accounts. LoanCare appears not to do so,  Read more

Seterus Payment of Interest on California Mortgage Escrow Accounts Class Action

As a mortgage lender who makes loans secured by real estate in California, Seterus, Inc. must follow California law, the complaint for this class action says, including the law that says it must pay borrowers a minimum of 2% interest on money put in escrow to pay for things like property taxes and insurance. Because  Read more