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Cenlar Forced Placed Insurance Class Action Lawsuit Investigation
Investigating a class action lawsuit on behalf of customers of Cenlar FSB, a lending mortgage servicer. Mortgage companies require borrowers to hold insurance to protect the lender’s secured interest. When the borrower’s insurance lapses, the mortgage company can purchase its own force-placed insurance and bill the borrower for a reimbursement. Cenlar is suspected of receiving kickbacks or rebates from its primary insurance carrier, Assurant Specialty Property, while also impermissibly billing borrowers for insurance fees. If you are a homeowner or mortgage borrower who has been charged for force-placed insurance by Cenlar, please contact us. |
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