Economic and law is such a unit that cannot be separated from one to another. Most of the cases related to economic and law is about the lawsuit. Every company such as mortgage company involve the money. As everyone knows, money is probably the most sensitive thing in this whole world. In this article, we are going to discuss about a mortgage company called Nationstar Mortgage.
Nationstar Mortgage has agreed to settle a Nationstar Mortgage class action lawsuit that accused the company of violating the Telephone Consumer Protection Act by robocalling consumers related to a home loan. Nationstar Mortgage is believed to place the autodialed and prerecorded calls to the cellular phones of the customers without their consent. The customers did not agree to get hose calls. The plaintiffs which are Wright, Stewart, Childress, Jordan, Halbert, Skelton, Ruggles, and Somers sued in the name of a group of people who own the similar claims. All of them are called as “Class Members” and the group is called as “Class”. The member of Class include all of US residents who received a call from Nationstar on their cellphone between October 14th, 2015 to the present. Most of them get the postcard notice of the settlement in the mail.
At first, Nationstar Mortgage rejected the accusations above. This mortgage denied that it against the law and the calls was acted with the concern of the customers. However, The Court has not made the decision who is right. Apparently, both of plaintiffs and defendant agreed to a settlement. A settlement can avoid the time consuming and the expensive litigation. With the settlement, the Class Members will get the compensation now rather than the years later. On the other hand, Nationstar Mortgage has to pay $12.1 million to the Class Members. Aside from that, this company also has to make some changes related to the procedures of the company including the training all of the employees of Nationstar Mortgage of how to properly code the requests of the customers in order to stop the calls. Before taking the settlement, the side of the plaintiffs claim that the only way to stop the calls is to speak with the live operator and give the some information such as the number of the security social.
Here is the timeline of Nationstar Mortgage class action lawsuit for you. On August 29th, 2016, The Court gave the last agreement of the class action lawsuit of Nationstar Mortgage. After that, there was a notice that filed in Nationstar TCPA settlement on September 8th, 2016. The claims of the plaintiffs will not be paid by Nationstar Mortgage until all appeals are resolved. On October 25th, 2016, the appeals to the settlement of Nationstar Mortgage TCPA have been dismissed. On the early year of 2017, which is on January 9th, 2017 for exact, the members of Class who submitted timely and valid claims for the Nationstar Mortgage TCPA class action settlement started to receive the checks worth as mush as $76.