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This settlement is closed!
Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!
A proposed settlement has been reached in the Wells Fargo inspection fee class action lawsuit, resolving claims that Wells Fargo & Co. and Wells Fargo Bank, N.A. improperly assessed property inspections when a mortgage borrower allegedly fell behind on payments by 45 days or more and charged borrowers for that inspection.
Furthermore, the plaintiffs of the Wells Fargo class action lawsuit claim subsequent inspections of the mortgage property were also allegedly ordered every 25 to 35 days for as long as the borrower remained delinquent in payments.
Finally, the Wells Fargo inspection fee class action lawsuit claims the bank concealed these fees from by consumers by labeling them as “Other Charges” on mortgage statements.
The plaintiffs bring several claims against Wells Fargo in this inspection fee class action lawsuit, including violations of California’s Unfair Competition Law and violations of the Racketeer Influenced and Corrupt Organizations by improperly and illegally assessing and charging property inspection fees.
Wells Fargo denies all liability and wrongdoing in this inspection fee class action lawsuit, but has agreed to settle the case in order to avoid the uncertainty of further litigation and increasing court costs.
Per the terms of the Wells Fargo inspection fee class action settlement, Wells Fargo will pay $27,750,000 to establish a settlement fee to compensate eligible Class Members for damages allegedly incurred by Wells Fargo’s actions.
UPDATE: The Wells Fargo Inspection Fee settlement is currently under appeal. Claims will not be paid until all appeals are exhausted. We appreciate your ongoing patience. Top Class Actions will continue to provide updates as we learn more. Keep checking back and let us know when you receive a check in the comments section below or on our Facebook page.
Who’s Eligible
You are a Class Member of the Wells Fargo inspection fee class action lawsuit if you had a mortgage serviced by Wells Fargo and you allegedly owe or paid a bank assessed inspection fee between Aug. 1, 2004, and Dec. 31, 2013.
Potential Award
Varies. Calculations of each Class Member’s portion of the settlement will depend on which settlement category they fall into and how many Class Members choose to participate in the settlement.
Proof of Purchase
Postcard Notices of this Wells Fargo class action settlement will be mailed to eligible Class Members on or before Oct. 17, 2015.
If you are part of the group of Class Members who are part of the “Post Sale” category, then you will need a Claim Number and Control Number in order to submit an online claim form. A complete claim form must be submitted online or mailed in postmarked on or before March 16, 2016.
Claim Form Deadline
03/16/2016
Case Name
Young v. Wells Fargo & Co., Case No. 4:08-CV-507 RP-CFB, in the U.S. District Court for the Northern District of California.
Final Hearing
01/21/2016
UPDATE 2 on August 4, 2017: Appeals are resolved and the settlement became final and effective on June 12, 2017. According to a motion filed with the court on August 1, 2017. the settlement administrator is still working through the claims review and deficiency process. We appreciate your ongoing patience. Top Class Actions will continue to provide updates as we learn more.
UPDATE 3: On December 5, 2017, a motion to distribute settlement funds was filed. Please keep checking Top Class Actions for updates. We will let our viewers know as soon as the motion is approved by the court.
UPDATE 4: On December 7, 2017, the court approved the motion to distribute settlement funds to valid claimants. It is not known how quickly claims will be paid at this time. Top Class Actions will continue to provide updates as we learn more. Keep checking back and let us know when you receive a check in the comments section below or on our Facebook page.
Settlement Website
Claims Administrator
Wells Fargo Inspection Fee Settlement
c/o Garden City Group, LLC
P.O. Box 10106
Dublin, OH 43017-3106
(855) 382-6434
Class Counsel
SCOTT+SCOTT, ATTORNEYS AT LAW, LLP
REESE, LLP
Defense Counsel
SEVERSON & WERSON
FAEGRE BAKER DANIELS
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336 thoughts onWells Fargo Inspection Fee Class Action Settlement
Any news???
we are all screwed
We got a post card stating that we did not submit enough information for our $5.00 settlement therefore we will not be receiving our $5.00 settlement….. I spent days putting this packet together with all the information they required in order to file. There is nothing else to send to them that could possibly help settle this case. So when they say they do not have enough information in order to settle, this is telling me do not waste any more time trying to claim my $5.00 settlement. The lawyers are making a fortune trying this case and the public will get either $5.00 or nothing at all for their labor. I through my card in the trash where it belongs…
This is false. They are still allowing people to correct their deficiencies. Afterwards, the settlement administrator will have approval to distribute checks which will take at least 30 days minimum to process. As of October 3rd, people were still receiving their deficiency letters.
Sorry everyone there has not been any checks for this class action, the checks that people are receiving are for the other class actions suits, there are plenty of them right now.. People receiving deficiency letters had incomplete information and have XXX number of days to return the requested information otherwise they will not receive settlement checks. Since the court released that information on September 14th, there is no way for people to respond to the letters and the lawyers verify its correct and then calculate payments… Sorry people but we are still going to be waiting a while!!!
The court released this update:
SETTLEMENT UPDATE: SEPTEMBER 14, 2017
Though the Settlement has been finally approved, notification has been mailed to claimants who submitted incomplete Post-Sale claims of their opportunity to remedy curable deficiencies as required by the Stipulation and Agreement of Settlement. Once those deadlines have expired, the Court still must issue a Class Distribution Order before distribution to any Class Member can occur. Status updates, including if/when the Court issues a Class Distribution Order, will be posted to this website when available.
Yes, sad but true. I got my $3.07 check last week too.
That’s a lie-they haven’t been sent yet!
Got a deficiency letter dated sept 27 2017
live in washington state
fyi
What does it mean to get a deficiency letter
Soy un miembro de la clace me gustaria saber si yo boy a resibir algun cheke y cuando
Can we submit now since it is still ongoing?
The claim deadline was over a year ago in 2016. It’s more than likely you cannot submit a claim. You should contact the settlement administrator with your questions: http://www.wellsfargopropertyinspectionsettlement.com/info
Well it looks like other lawsuits settled and they will receive their checks within 60 days. So why is this case being put on the back burner? I’m with the other person who stated a category 5 will take us out before we see a dime!!!
According to a motion filed on 8/1/17, the settlement administrator is still working through the claims deficiency and review process. Apparently there were several thousand deficient claims filed, which the settlement administrator is still working through. It is not known at this time how quickly claims will be paid. I’m sorry I don’t have better news for you. Please keep checking Top Class Actions for updates. We will let our viewers know as soon as we learn that checks are in the mail!
I provided the claims admin copies of my mortgage statements/payment receipts for 5 years worth of their fraud. PAY ME NOW DAMN IT!!!