Wells Fargo Financial Maryland Vehicle Repo Class Action Settlement

A settlement has been reached in a class action lawsuit related to vehicles that were repossessed and sold by Wells Fargo Financial Maryland Inc.

If you were a Maryland resident and purchased a vehicle under an installment loan originated by or assigned to Wells Fargo Financial Maryland (WFF-MD), and your vehicle was repossessed and sold by WFF-MD on or after Feb. 26, 2006, you may be entitled to claim up to $1,450 from the vehicle repo class action settlement.

The WFF-MD car repossession class action lawsuit alleges that some Maryland borrowers with vehicle installment loans originated by or assigned to Wells Fargo Financial Management did not receive legally compliant notices when their vehicles were repossessed and sold.

Specifically, plaintiff Carolyn Delorise Patton asserts that the notice sent to the borrowers related to the repossession and sale of their vehicles failed to contain certain disclosures required by Maryland’s Closed End Credit Grantor Act.

Wells Fargo Financial Management denies the allegations but has agreed to settle the vehicle repossession class action lawsuit to avoid the expense and uncertainty of ongoing litigation. The class action settlement was preliminarily approved on Dec. 8, 2016.

Class Members who would like to opt out of or object to the Wells Fargo Financial Maryland settlement must do so no later than March 4, 2017.

Who’s Eligible

Class Members of the Wells Fargo Financial Maryland settlement include: “Maryland Consumer Borrowers who since February 26, 2006, (a) had a vehicle installment loan held by WFF-MD on which they defaulted in which Maryland’s Closed End Credit Grantor Act (‘CLEC’) was elected as the governing law; (b) had their vehicle repossessed in Maryland by WFF-MD or contractors acting on its behalf; (c) were sent a notice on behalf of WFF-MD relating to the repossession and sale of their vehicle which failed to contain one or more mandated statutory disclosures under CLEC.”

Potential Award

$1,100 – $1,400, depending on the total number of timely and valid claims that are filed.

Proof of Purchase

N/A

FAQs

FREQUENTLY ASKED QUESTIONS »

Claim Form Deadline

4/18/2017

NOTE: There is no Claim Form available on the settlement website. Class Members must contact the Settlement Administrator by March 31, 2017 to obtain a Claim Form for this Wells Fargo Financial Maryland class action settlement.

Case Name

Carolyn Delorise Patton v. Wells Fargo Financial Maryland Inc., et al., Case No. 02-C-10-149844, in the Circuit Court for Anne Arundel County, Maryland

Final Hearing

7/10/2017

Settlement Website

www.PattonWFFMDSettlement.com

Claims Administrator

Rust Consulting
Settlement Administrator – 5458
P.O. Box 2563
Faribault, MN 55021-9563
866-306-9901

Class Counsel

Thomas J. Minton
Kathryn Miller Goldman
GOLDMAN & MINTON PC

Defense Counsel

Virginia W. Barnhart
TREANOR POPE & HUGHES PA