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This settlement is closed!
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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
WOW!!! My check was $17.37, just ridiculous!!!!
Got my check for $1.00 today. A slap in the face!
Got my check- $58.27 makes little to no sense. According to their own paperwork that means they assume I was only charged approx $150 in inspection fees by Wells and in reality I faced almost $2500
My check was $2.58 you all could have kept that. You people are worser than Wells Fargo. Heck they ripped us off the wrong way and you all ripped us off the legal way.
Here at Top Class Actions, we report on class action lawsuits and settlements around the country to bring awareness to you, our viewers. We do not actually file any lawsuits as we are not attorneys. Top Class Actions did not profit from this settlement in any way. You may want to contact class counsel with your concerns. Counsel is listed in this article and on the settlement website and can be Googled for contact information.
Received check today… $1.00!! Was this really worth it?? What a joke! That’s all I’m gonna say!!
Wow, looks like checks have actually be processed! Please someone, anyone, post when you receive your check and the amount and if you currently still own the property or if you are in one of the categories.
Someone posted their check on facebook. It is for $27.84.
Hello, I see they updated the information on the webpage on wellsfargo on 1/29/18. Is there a way to find out the amount that we will be receiving.
Thank you for that update!
Someone please post when they get their check and amount!
2.58
I think we should acquire the interest this money has acrued also!
I think that the interest this money is acquiring should be hours too!
Any news??
Looks like attorneys’ fees are still being reviewed. Unfortunately, claims will more than likely not be paid until the judge makes a final decision on attorney fees. It is not known how quickly the judge will rule on this. We are following the case and will keep TCA viewers updated.
thanks very much for keeping us updated!
thanks
Top Class can you get us some numbers?