Have you been charged an additional fee known as a “convenience fee” by your mortgage provider? If so, there is a good chance that you are eligible to join our class action lawsuit. We are mortgage payment fee lawyers who can assist you in claiming your due if you have been wrongfully treated by your mortgage provider. Here is what you need to know.
What Are “Convenience Fees” and Why Are They Illegal?
“Convenience fees” are additional fees charged by some mortgage providers. These fees usually apply when their clients opt to pay their mortgage repayments online or by phone. Overall, “convenience fees” are not illegal as such. In fact, there are a number of merchants out there who are allowed to charge them. Mortgage providers, however, often go against the terms laid out in their mortgage agreements when they charge “convenience fees”.
The reality is that standard form mortgage agreements usually only allow loan servicers to pass along the actual costs of processing. By tacking on excessive amounts, these companies are not only violating the Fair Debt Collection Practices Act and the Rosenthal Act, but also their own contractual agreements.
It is important to note that “convenience fees” are not always called by this specific name. They may also masquerade as “speed pay fees” or “processing fees”. Either way, they are illegal.
How Can I Confirm If I Have Been Charged “Convenience Fees”?
It is recommended that all mortgage payers closely review their billing statements whenever they receive them. Scrutinize for any additional fees and do not hesitate to question your mortgage provider regarding these fees. It is always a good idea to ask these questions in writing so that you have proof of the communication. This could strengthen your position in the event that you do decide to join a class action lawsuit with the help of mortgage payment fee attorneys and class action lawyers such as those at Shamis & Gentile, P.A.
How Do I Join the Mortgage Payment Fee Class Action Lawsuit?
Joining our mortgage payment fee lawyer’s class action lawsuit is very easy. Simply call us directly. Or, fill out our contact form in order to submit all of the details regarding your unique case. We will then review your submission and get back to you with more information on how to proceed.