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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
I, too received my check for this lawsuit and it was only $16.04. Very disappointed that the attorneys were unable to get everyone their money back that was charged by WF. Let alone any interest money that WF was able to use for their profit. Very sad that this turned out like it did.
Recieve a 48 dollars check went to the bank to cash and the bank want cash it..
Hello everyone.
I received a check for $46.48.
Got a check today for one dollar. Cost more than that to mail it to me. Guessing the attorneys got alot more than I did…I am disappointed with the amount and somewhat surprised.
Washington State…..$5.00 check today…..a whole $5 !!!
had a mortgage with these guys for over a decade, and the best i get is 5 bucks…well played to all those involved.
Waited this long for a whole $1.00 smh. They were better off not even telling me about the lawsuit for $1.00. They almost paid more to send me the check than the actual worth of the check.
$1, The letter said 10,000, guess it pays to be full of ****, I also wish I never got the letter, figured out a long time ago it would be less than $6 each but it still pissed me off to see a check that I first understood to be 10,000, That way you wouldnt start your own law suit. Should know better by now.
Dang, I must be really rich at 2.50. It is my opinion we sued the wrong people? damn, tax on 2.50. I’ll wipe my butt with it and give them that because it’s all ??????????
Yup, received my check today for $1.00 also. I’m rich b**ch!!
I waited over 2 years for 14.53 very misleading notice claim notice.
I received a check for $5.25
Why so small
I received a check today for $23.52. It is less than what we were expecting but it is better than WF getting off Scotfree, for their abuse of this invention! It is a pittance compared to what they charged us, over about a six months period. Check dated 1/29/2018. JPM
I received a check today from well Fargo inspection fee settlement in the amount of
$72.81
The letter state the tax treatment of payments from the settlement fund is the responsibility of each recipient. You may wish to consult your tax advisor to determine the tax consequence if any. Of this payment to you. Check dated 01/29/2018
Yo tanbien resibi un cheke por 12.39. No entiendo es una burla cuantos seriamos los miembros
Are you able to cash your check?
Hello everyone,
I had no problems cashing my $46.48 check at my bank.