Class Action filed against Bank of America for Forced Place Flood Insurance

Posted on: November 29th, 2011 by Steve Larson

A federal class action filed in Oregon claims Bank of America forces home-buyers to buy more flood insurance than required by law, in violation of loan documents, through a former subsidiary that pays B of A kickbacks.  A copy of the Complaint in Arnett, et ux. v. Bank of America, N.A., et al., Case No. 11-cv-01372 (D. Ore.), is available here.