Bank of America – Flood Insurance Litigation. Lass v. Bank of America, N.A., and BAC Home Loans Servicing, L.P., Lemmers v. Bank of America, N.A., Resnick v.
Bank of America NA has agreed to pay $31 million to settle a putative class action alleging the bank illegally forced homeowners to buy excessive amounts of flood insurance, according to a Monday ruling in Oregon federal.
A hearing for the final approval of the Bank of America flood insurance class action settlement has been scheduled for Aug. 22.
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