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Ameriquest Provides Info Line For $295 Million Settlement

Ameriquest has set up a toll-free number, at 1-800-420-5875, for customers inquiring to see if they qualify for a portion of the restitution from a $295 million settlement.

The lawsuit brought against Ameriquest claimed that the company used inappropriate loan practices aganist it’s customers between January 1, 1999 and December 31, 2005. Some of the points brought against Ameriquest included innacuracy of  interest rates and other mortgage loan terms supplied to customers, inflated property appraisals, and that they persuaded borrowers to refinance loans when no advantage was present. 

For more information regarding the settlement visit: AmeriquestMultiStateSettlement.com

If you’re eligible for a portion of the settlement you’ll be sent a Notice letter in early 2007 that will tell you the minimum dollar restitution payment you may receive.

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This entry was posted on Friday, October 20th, 2006 at 7:06 pm and is filed under Mortgage Lenders and Agencies, Consumer Protection. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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