More Than 8,000 Floridians to Receive Claim Forms for Payments from SunTrust Settlement

TALLAHASSEE, Fla.— Attorney General Pam Bondi today announced that claim forms have been sent to Florida borrowers eligible to receive payment under the National SunTrust Settlement. More than 8,000 Floridians, whose mortgages were serviced by SunTrust Mortgage, Inc. and lost their homes to foreclosure between Jan. 1, 2008 and Dec. 31, 2013, are eligible for a refund.

SunTrust agreed to the joint state-federal settlement in July 2014 to resolve allegations of mortgage origination, servicing and foreclosure abuses. SunTrust foreclosed more than 45,000 homes during the five-year period covered by the settlement. Approximately $39 million of the settlement money will be used for payments to borrowers nationwide, with more than $6.5 million expected to go directly to eligible Floridians.

Borrowers should expect a package including a cover letter, claim form and instructions this week. A reminder postcard will be sent out the week of April 30, 2015. All claims must be submitted by the June 4, 2015 deadline. Eligible claimants will receive a minimum of $850 for each loan, and payment checks should be mailed starting in the fall of 2015.

Claimants who have questions can call 1-866-590-8532 for assistance in either English or Spanish. Claims can be mailed to the address below or filed online atNationalMortgageSettlement.com.

National SunTrust Settlement Administrator
P.O. Box 2218
Fairbault, MN 55021-1618

http://live.oysterradio.com/