MDL No. 1715
Lead Case No. 05-cv-07097
The Class Action lawsuit was brought against Ameriquest for alleged improper mortgage lending and mortgage loan servicing activities in violation of numerous federal and state laws, including the Truth in Lending Act (“TILA”), breach of contract, unjust enrichment, and state Consumer Protection and Deceptive Trade Practices Acts. Ameriquest denies all allegations made against it, denies that its lending or loan servicing practices violated any law, and denies that it financially harmed any of its customers.
There are five (5) Classes. You are a Class Member if you fall into any of these Classes. If you received notice it is because Ameriquest’s records show that you are a member of at least one Class. Note: If you received a payment in the 2006 Settlement between 49 state Attorneys General and Ameriquest or if you released your claims in a prior case against Ameriquest, you are excluded from all of the Classes in this Settlement.
The Settlement provides a monetary fund of $22 Million (“Settlement Fund”), which will be used for (1) Settlement Payments to Class Members, (2) Foreclosure Prevention Services, (3) Notice and Claims Administration Costs, (4) Service Payments to the plaintiffs who brought these lawsuits (the “Class Representatives”), and (5) Attorneys’ Fees and Costs approved by the Court.
If you wish to participate in the Settlement, you must complete and submit a Claim Form in accordance with the instructions provided on that form. As stated on the Claim Form, it must be mailed to Ameriquest MDL Claims Administrator, and be postmarked by March 9, 2010. You may also complete and submit your Claim Form online or by facsimile at 1-866-590-8535.
If you are eligible to receive money, but do not mail, fax or electronically submit your Claim Form on time, you will be barred from sharing in the distribution of the Settlement Fund, but will nonetheless be subject to the Release, unless you have opted out as described in Notice Section 8.
Please do not contact either Ameriquest or the court about this settlement. Any and all callers will be directed to this website. If you have questions, please refer to the FAQ’s and the other information posted here. Inquiries about the Settlement that are sent through the privacy statement will not be answered.
This site is not operated by Ameriquest. This class action settlement is supervised by the court and is administered by a claims administration firm that handles all aspects of claims processing. Ameriquest is not authorized to respond to questions from members of the plaintiff class regarding the settlement.
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