U.S. Bank Borrowers File Class Action Lawsuit Against U.S. Bank Over Alleged Force-Placed Flood Insurance Coverage.
A class action lawsuit has reportedly been filed against U.S. Bank, N.A. and U.S. Bank Home Mortgage (“U.S. Bank” or “Defendant”) in the United States District Court for the District of Minnesota (styled Lacroix v. U.S. Bank, N.A., et al., Class Action Case No. 11-cv-3236) alleging, among other things, that U.S. Bank improperly charged and billed plaintiffs mortgage escrow account for “force-placed” flood insurance coverage in excess of his loan balance since this amount of coverage was allegedly not required under the National Flood Insurance Act, according to a U.S. Bank Force-Placed Flood Insurance Coverage class action lawsuit news report.
The U.S. Bank Force-Placed Flood Insurance Coverage class action lawsuit reportedly asserts claims for alleged breach of contract, breach of duty of good faith and fair dealing, breach of fiduciary duty and unjust enrichment.
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