JPMorgan Chase named in forced place insurance class action lawsuit

Posted on: June 30th, 2011 by Steve Larson
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A class action lawsuit has been filed against JPMorgan Chase Bank, N.A. in the United States District Court for the Northern District of California.  The case is entitled Patricia McNeary-Calloway v. JPMorgan Chase Bank, N.A. and Chase Bank USA, N.A., Class Action Case No. 11-CV-3058).  The complaint alleges that JPMorgan Chase required homeowners who have or had residential mortgage loans originated and/or serviced by JPMorgan Chase to pay forced-placed hazard insurance policies, purportedly in violation of the Real Estate Settlement Procedures Act of 1974 (“RESPA”).  The complaint also alleges those acts constitute a breach of contract, violation of California’s unfair competition law, and unjust enrichment.

The JPMorgan Chase forced place insurance class action lawsuit complaint is brought on behalf of the following putative class of persons:

A nationwide class consisting of all persons who have or had a residential mortgage loan or line of credit with JP Morgan, Chase Bank or Chase Home Finance and had hazard insurance force-placed upon the secured property by JP Morgan, Chase Bank or Chase Home Finance, between June 16, 2007, and the date of final disposition of the action; and

The class action seeks to certify a statewide class consisting of the following putative class of persons:

A California class consisting of all persons who have or had a residential mortgage loan or line of credit with JPMorgan, Chase Bank or Chase Home Finance secured by property located in the State of California and had hazard insurance force-placed upon the secured property by JPMorgan, Chase Bank or Chase Home Finance, between June 16, 2007, and the date of final disposition of the action.

For more information on the JPMorgan Chase forced place insurance class action lawsuit, read the JPMorgan Chase forced place insurance class action lawsuit complaint.