In February 2012, 49 state attorneys general, including Nevada’s AG, and the federal government announced a historic joint state-federal settlement with the country’s five largest mortgage servicers:
•Bank of America
This is the largest consumer financial protection settlement in US history.
The agreement settles state and federal investigations finding that the country’s five largest mortgage servicers routinely signed foreclosure related documents outside the presence of a notary public and without really knowing whether the facts they contained were correct. Both of these practices violate the law.
If you lost your home to foreclosure in Nevada between 2008 and 2011, you have probably already been notified that you may be eligible to participate in Nevada’s settlement with the National Mortgage Settlement Administrator. THE FINAL DAY TO SUBMIT A CLAIM FORM TO BE ELIGIBLE TO RECEIVE PAYMENT IS FRIDAY, JANUARY 18, 2013.