For those Settlement. Class Members who are Current Account Holders at the time of the distribution of the Settlement Fund, a credit in the amount of the Settlement Class Member Payment they are entitled to receive shall be applied to any account they are maintaining individually at the time of the credit. If by the deadline for Defendant to apply credits of Settlement Class Member Payments to accounts Defendant is unable to complete certain credit(s), Defendant shall deliver the total amount of such unsuccessful Settlement Class Member Payment credits to the Settlement Administrator to be paid by check in accordance with subsection 2 below.
For those Settlement. Class Members who are Current Account Holders, and have agreed, or Past Account Holders who had agreed, to receive Account statements from Defendant electronically, Defendant shall provide the Settlement Administrator with the most recent email addresses it has for these customers. The Settlement Administrator shall send the Email Notice to each such customer’s last known email address, in a manner that is calculated to avoid being caught and excluded by spam filters or other devices intended to block mass email. For any emails that are returned undeliverable, the Settlement Administrator shall send a Postcard Notice in the manner described below. The Email Notice shall inform Settlement Class members how they may request a copy of the Long Form Notice.
For those Settlement. Class Members who are customers of Defendant at the time of the distribution of the Net Settlement Fund, their linked checking accounts shall be credited by Defendant in the amount of the Individual Payment they are entitled to receive.
For those Settlement. Class Members who are not customers of Defendant at the time of the distribution of the Net Settlement Fund, they shall be sent an email by the Settlement Administrator allowing for the electronic transmission of Individual Payments by electronic money transmission services such as Square Cash, Zelle, Venmo, Paypal or ACH.
For those Settlement. Class Members who submit Valid Claims, Cash Payments shall be paid by check sent via first-class mail to the mailing address provided on the Claim Form or at the election of the Settlement Class Member on the Claim Form, by direct deposit into the Settlement Class Member’s bank account, or another form of electronic transfer (such as PayPal, Venmo, ACH). All Valid Claims shall be paid by the Settlement Administrator by the Distribution Date.
For those Settlement. Class Members who are Current Accountholders of Popular Bank and have agreed to receive electronic communications from Popular Bank, the Settlement Administrator shall send the Email Notice to each such Settlement Class Member’s last known email address, in a manner that is calculated to avoid being caught and excluded by spam filters or other devices intended to block mass email. For any emails that are returned undeliverable, the Settlement Administrator shall send a Postcard Notice in the manner described below. The Email Notice shall inform Settlement Class Members how they may request a copy of the Long Form Notice.
For those Settlement. Class Members who are Current Accountholders of BANA and have agreed to receive electronic account statements from BANA, the Settlement Administrator shall send the Email Notice to each such Settlement Class Member’s last known email address, in a manner that is calculated to avoid being caught and excluded by spam filters or other devices intended to block mass email. For any emails that are returned undeliverable, the Settlement Administrator shall send a Postcard Notice in the manner described below. The Email Notice shall inform Settlement Class Members how they may request a copy of the Long Form Notice.
For those Settlement. Class Members who made a payment selection by the Response Deadline or who will receive a direct payment as described in Sections B.3 and B.4 above, a transfer reflecting their payment shall be transmitted to the Settlement Class Members within 60 calendar days after the Effective Date. Settlement Class Members who fail to select their payment method by the Response Deadline and for whom valid, current payment information cannot be confirmed will nonetheless be bound by the Agreement, including the releases set forth in Section H, unless they elect to exclude themselves through the procedure set forth in Section E.
For those Settlement. Class Members who submit a timely, valid and verified Claim Form, substantially in the form of Exhibit B, attached, by the Claim Deadline in the manner required by this Settlement Agreement, making the required affirmations and representations as set forth in Section 7 below, Shellpoint shall (subject to its own audit as set forth in 7.3.1):
(i) for Borrowers Who Were Charged But Did Not Pay And Still Owe Their LPI Premium either, at Shellpoint's discretion, credit the Claimant’s mortgage escrow account for the loan at issue or pay to that Claimant through the Settlement Administrator, an amount equal to 8.875% of the Net Premium (net of refunds) on the LPI Policy (or policies) issued during the Settlement Class Period, without interest; or
(ii) for Borrowers Who Paid Their LPI Premium pay to that Claimant through the Settlement Administrator, an amount equal to 8.875% of the Net Premium (net of refunds) on the LPI Policy (or policies) issued during the Settlement Class Period, without interest.
For those Settlement. Class Members who are not customers of Defendant at the time of the distribution of the Net Settlement tfund or for those Settlement Class Members for whom crediting their account(s) is not possible, they shall be sent a check by the Settlement Administrator at the address used to provide the Notice, or at such other address as designated by the Settlement Class Member. The Settlement Class Member shall have one hundred eighty (180) days to negotiate the check. Any checks uncashed after one hundred eighty (180) days shall be distributed pursuant to Section 10.
