Guidelines Regarding Civil Settlement Agreement April 4, 2012Civil Settlement Agreement • April 11th, 2012
Contract Type FiledApril 11th, 2012On March 12, 2012, the United States Government (United States), many State Attorneys General, and various mortgage servicers entered into civil settlements agreements (Settlements) pursuant to which they settled certain claims related to previous mortgage servicing activity. On April 4, 2012, these were signed by the United States District Court of the District of Columbia. In addition to monetary penalties, the mortgage servicers each agreed to perform Consumer Redress Activities. In connection with the Settlements, the Department of the Treasury is hereby issuing guidelines regarding which Consumer Redress Activities may be considered “qualified