Who is a Class Member
Members of the Chicago Title Insurance class action settlement include all persons who:
- “Paid for a lender’s policy of title insurance issued by Chicago Title and its agents in connection with the refinancing of a mortgage loan on residential property located in Connecticut that was completed any time from January 1, 2000, to September 26, 2006 (the “Class Period”), where the same premises had been mortgaged within the previous ten-year period by a mortgage loan from 4 a bank, mortgage bank, credit union, or other financial institution that was the primary loan used to purchase the property or to refinance (i.e., pay-off) all previously existing mortgages on the property (an “Institutional First Mortgage”)
- Paid more than the discounted refinance rate under Chicago Title’s then-applicable rate manual;
- Had no intervening change in fee ownership of the premises since the prior Institutional First Mortgage (other than the addition or deletion of a family member); and
- Appear or whose current or former property address appears on the Class Mailing Notice List.”
If you don’t qualify for this settlement, check out our database of other class action settlementsyou may be eligible for.
Eligible claimants will be entitled to $150, unless the total amount of valid claims exceeds $200,000, in which case, you will receive a pro rata (equal) share of $200,000.
Proof of Purchase
- Claimants will need to provide a PIN to file a claim online. If you would like to submit a paper Claim Form via mail, you can download one here.
Chicago Title Insurance Settlement Notes
- Deborah Mahon v. Chicago Title Insurance Company
- Case No. 3:09-cv-00690-AWT
- Pending in the U.S. District Court for the District of Connecticut
Back in 2009, plaintiff Deborah Mahon brought this class action lawsuit against Chicago Title Insurance alleging the company improperly failed to charge the discounted refinance rate for lenders’ title insurance policies in some residential mortgage refinance transactions.
Specifically, Mahon claims that Chicago Title Insurance not only failed to give the discounted refinance rates to her and other borrowers, they never even informed them they qualified for such rates. these actions resulted in financial harm to Mahon and Class members.
“The fact that the transactions were refinance transactions was reflected in the chain of title and closing documents for Plaintiff’s and the Class members’ properties and, therefore, Chicago Title Insurance knew or should have known that Plaintiff and the Class members qualified for, and were entitled to receive, a discounted refinance rate,” the complaint stated.
Chicago Title Insurance denies any wrongdoing but agreed to settle the case after nearly a decade, among other reasons, to avoid further litigation costs. Complete details about the case and settlement can be found on the Chicago Title Insurance Settlement website.
The Chicago Title Insurance class action settlement was granted preliminary approval on February 28, 2018. Class members who wish to exclude themselves or object to the settlement must do so by May 29, 2018. Class members who wish to receive a cash payment from the settlement must submit their claim form on or before May 29, 2018.
- 5/29/18: Claim Form Deadline
- 5/29/18: Objection or Exclusion Deadline
- 7/5/18: Final Hearing at 10:00 a.m. ET* (class members do not need to attend this hearing in order to receive a slice of the settlement pie).
*Settlement Class Members who wish to speak at the hearing should check the Chicago Title Insurance Settlement website to confirm that the date or time of the Hearing has not been changed.
- Mail: Claims Administrator, RG/2 Claims Administration, P.O. Box 59479, Philadelphia, PA 19102-9471
- Phone: 1-866-742-4955
- Email: info@RG2Claims.com
- William H. Narwold of Motley Rice LLC