Santander repossession notice $14M class action settlement

Santander agreed to a $14 million class action lawsuit settlement to resolve claims it sent insufficient repossession notices to Pennsylvania borrowers. 

The settlement benefits borrowers who entered into a retail installment sales contract with Santander Consumer USA for financing the purchase of a motor vehicle, and whose vehicles were repossessed by Santander after the lender sent a notice of repossession to a Pennsylvania address between June 30, 2014, and July 9, 2020.

According to the class action lawsuit, Santander failed to send the proper repossession notices to Pennsylvania borrowers before repossessing their vehicles. Plaintiffs in the case claim the insufficient notices violated the Pennsylvania Uniform Commercial Code and the Pennsylvania Motor Vehicle Sales Finance Act.

Santander is a lender for consumers, small businesses and communities. 

Vehicle owners may be interested in products from Advance Auto Parts.

Santander hasn’t admitted any wrongdoing but agreed to a $14 million settlement to resolve the repossession class action lawsuit.

Under the terms of the Santander settlement, class members can receive a cash payment based on their account information. If additional funds remain in the settlement, up to three additional rounds of payments will be issued.

No payment estimates are available at this time. 

The deadline for exclusion and objection is Sept. 22, 2023.

The final approval hearing for the settlement is scheduled for Oct. 17, 2023.

No claim form is required to benefit from the settlement. Class members who do not exclude themselves will automatically receive a settlement payment.

Who’s Eligible

Borrowers who entered into a retail installment sales contract with Santander Consumer USA for financing the purchase of a motor vehicle, and whose vehicles were repossessed by Santander after the lending sent a notice of repossession to a Pennsylvania address between June 30, 2014, and July 9, 2020.

Potential Award

TBD

Proof of Purchase

N/A

Claim Form

NOTE: If you do not qualify for this settlement do NOT file a claim.

Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.

Exclusion and Objection Deadline

09/22/2023

Case Name

Kelly v. Santander Consumer USA Inc., Case No. 2:20-cv-03698-MMB, in the U.S. District Court for the Eastern District of Pennsylvania

Final Hearing

10/17/2023

Settlement Website

NoticeClassAction.com

Claims Administrator

Santander Class Action
P.O. Box: 9009
Hicksville, NY 11802-9009
info@noticeclassaction.com
800-490-9287

Class Counsel

Richard Shenkan 
SHENKAN INJURY LAWYERS LLC

Lawrence F Stengel
SAXTON & STUMP LLC

Defense Counsel

K Issac deVyver 
Benjamin J Sitter 
Katelyn M Fox 
MCGUIREWOODS LLP