Did you receive a notice from Santander? Did you receive a mail about a class action settlement to resolve Santander repossession notice $14M Lawsuit? This review will help you partake in the class action settlement after confirming the authenticity of the mail.
What Is Santander repossession notice $14M Class Action Lawsuit?
Santander agreed to a $14 million settlement to resolve claims it sent insufficient repossession notices to Pennsylvania borrowers.
The case is Kelly v. Santander Consumer USA Inc., Case No. 2:20-cv-03698-MMB, in the U.S. District Court for the Eastern District of Pennsylvania.
What Is This Class Action All About?
According to the class action lawsuit, Santander failed to send the proper repossession notices to Pennsylvania borrowers before repossessing their vehicles. Plaintiffs in the case claim the insufficient notices violated the Pennsylvania Uniform Commercial Code and the
Pennsylvania Motor Vehicle Sales Finance Act. The settlement website is NoticeClassAction.com.
Santander is a lender for consumers, small businesses and communities.
Santander hasn’t admitted any wrongdoing but agreed to a $14 million settlement to resolve the repossession class action lawsuit.
Under the terms of the Santander settlement, class members can receive a cash payment based on their account information. If additional funds remain in the settlement, up to three additional rounds of payments will be issued. No payment estimates are available at this time.
Who Is Eligible?
This settlement benefits borrowers who entered into a retail installment sales contract with Santander Consumer USA for financing the purchase of a motor vehicle, and whose vehicles were repossessed by Santander after the lender sent a notice of repossession to a Pennsylvania address between June 30, 2014, and July 9, 2020.
How To Be Part of This Settlement
No claim form is required to benefit from the settlement. Class members who do not exclude themselves will automatically receive a settlement payment.
The deadline for exclusion and objection is Sept. 22, 2023.
What Is The Pay For This Settlement?
The pay for this settlement varies and the proof of purchase is not necessary.
Conclusion
As you submit your claim to the settlement website, just like Oetiker Stainless Steel class action settlement we have reviewed, you’re doing so under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. The final approval hearing for the settlement is scheduled for Oct. 17, 2023.
