Notice Of Settlement Filed In Class Suit Over Payoff Statements’ ‘Release Cost’

( October 2, 2024, 11:05 AM EDT) -- MIAMI — A mortgage servicer and two borrowers on Oct. 1 filed a joint notice in a federal court in Florida stating that they have reached a settlement in a putative class lawsuit in which the servicer is accused of violating the Fair Debt Collection Act (FDCA) and Florida law by including a $22.50 “release cost” on its uniform payoff statements....