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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
What if I dont have proof of claim? Its been so long. How can I get it?
I received a post card today from wells fargo. It says for more information you can call 855-382-6434
I just today got a postcard that says I am included in the settlement. I am guessing you will recieve one too. I went through the same thing you did! I hope that they do this because we really got raked over the coals.
The best thing to do is to send those post cards to your senators/congressman and tell them that you disagree with this offer, and we are not going to pay a dime to those buffette atorneys or lawyers because you never authorize nobody to represent you for $8 dollars and give the rest of the 25,700,000 to the power of attorney. If the attorneys decide to continue we just can pay .5% of the lumb sum assigned to pay to the customers by Wells Fargo, we decide not to continue with the settlement for couple box or nothing but the attorneys get millions and bonus to rip us. Copy and paste to send with the post cards to the news, congressman/senators and the media.
How do I find proof, since it’s been years since they foreclosed on my home. Are we automatically entered in the Class Action Lawsuit, since they have proof that I was charged for this?
its been such of longtime that i dont have proof because my apt was water damaged and i lost a lot of important documents.what should i do.? thank you
It has been a long time. Where can i find this info.
Where can I find all that info.its been so long we lost our home? What to do
I fall under the foreclosed post sale group. I have to contact some secret Wells Fargo place that can only be contacted by mail. or fax. Wells fargo will send you back to this site or phone number . Typical BULL SHIT by big corporations. They rip you off by dollars they pay you back by pennies. Who wins? The lawyers and the big corporations. This settlement can go f…… them selves.
what if you received the card, but did a died-in-lieu????
If you were upside down on your mortgage then you didn’t actually pay any fees.