Lawsuit Investigation: Is Your Lender Paying Interest on Your Escrow Account?

September 26, 2018 Last Updated on June 28, 2019

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At A Glance

This Alert Affects:
California homeowners who are required to pay money into escrow accounts as part of their mortgage agreements.
What’s Going On?
Attorneys working with ClassAction.org are investigating whether mortgage lenders are complying with California laws that require them to pay interest on money held in escrow accounts. Several banks, including Citibank and Bank of America, have already been sued for allegedly failing to pay this interest.
How Would I Know If I’m Earning Interest?
This interest should show up on your end-of-year mortgage statement. Attorneys working with ClassAction.org are willing to review these statements for you, at no cost, to help determine whether your lender is paying out this interest.
What You Can Do Now
Fill out the form on this page and one of the attorneys handling this investigation may reach out to you directly. It doesn’t cost anything, and there’s no obligation to take legal action if you find out you’re not getting the interest you’re legally entitled to.
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