Fannie Mae & JPMorgan Chase Home Mortgage & HELOC Home Equity Line of Credit Settlement of TCPA Autodialer & Pre-Recorded Voice Calls To Cell Phone Class Action Lawsuit

If you are a present or former borrower or co-borrower whose residential mortgage loan(s) or home equity line(s) of credit are or were serviced or subserviced by JPMorgan Chase Bank, N.A. or Chase Home Finance LLC (“Chase”) and were contacted on your cellular telephone(s) by Chase through the use of an automated dialer system and/or an artificial or pre-recorded voice between June 16, 2006 to June 15, 2011, except the time period for former EMC Mortgage Corp. customers whose loans were or are serviced or subserviced by Chase is June 16, 2006 to July 7, 2011 you could receive a payment from a class action settlement.

A class action settlement has been reached in a class action lawsuit against JP Morgan Chase Bank and Federal National Mortgage Association a/k/a Fannie Mae (collectively “Defendants”) in the United States District Court for the Southern District of California (styled Patricia Connor, Shari L. Bywater, individually and on behalf of themselves and all others similarly situated, vs. JP Morgan Chase Bank and Federal National Mortgage Association a/k/a Fannie Mae, Case No. 10 CV 1284 DMS BGS), alleging, among other things, that Defendants violated a provision of the Telephone Consumer Protection Act (“TCPA”), 47 U.S.C. Section 227(b)(1)(A)(iii), by calling borrowers or co-borrowers on their cellular phones with autodialers or with a prerecorded voice message without prior express consent (“calls to cell phones”), according to the Fannie Mae and JPMorgan Chase Home Mortgage & HELOC Home Equity Line of Credit TCPA autodialed and pre-recorded voice calls to cell phones class action settlement notice.

The Fannie Mae & JP Morgan  Chase Home Mortgage & HELOC Home Equity Line of Credit TCPA autodialed and pre-recorded voice calls to cell phones class action settlement class reportedly includes:

All present or former borrowers or co-borrowers as identified in JPMCB’s records whose residential mortgage loan or home equity line of credit is or was serviced or subserviced by JPMCB or Chase Home Finance LLC and either the borrower, co-borrower or both, were contacted on their cellular telephone(s) by JPMCB through the use of an automated dialer system and/or an artificial or pre-recorded voice during the Class Period. Subclass A of the Settlement Class consists of those persons whose cell phones were actually called by JPMCB or Chase Home Finance LLC during the Class Period, and are thus entitled to a monetary payment. Excluded from the Settlement Class are Defendants, their parent companies, affiliates or subsidiaries, or any employees thereof, and any entities in which any of such companies has a controlling interest, the Judge or Magistrate Judge to whom the Action is assigned and any member of those Judges’ staffs and immediate families, as well as all persons who validly request exclusion from the Settlement Class.

Under the Fannie Mae, JPMorgan & Chase TCPA autodialer and prerecorded voice to cell phone class action settlement, Chase will fund a Settlement Fund of at least $7,000,000 and no greater than $9,000,000 to settle the claims.  Class members who were called on their cell phones will be paid a cash amount for their Approved Claims and that amount will be dependent upon the number of Approved Claims and the amount of Settlement Costs. The Settlement Agreement provides for the claims to be no more than $500.00 and no less than $25.00, unless the total number of claims and the Settlement Costs deducted from the $9,000,000 maximum settlement fund require a pro rata reduction of the $25.00 amount. Potential claimants for monetary payments may submit a claim and provide their cell phone numbers on the claim, or prior to submitting a claim, may check with the Claims Administrator to determine whether their cell phone number actually was called by Chase. The deadline to submit a claim form is July 10, 2012.

The Court will hold a Fairness Hearing at 1:30 p.m. on August 3, 2012 at the U.S. District Court, Southern District of California, 940 Front Street, Courtroom 10, San Diego, CA 92101 before the Honorable Dana M. Sabraw. At this hearing, the Court will consider whether the Fannie Mae, JPMorgan & Chase TCPA autodialer and prerecorded voice call Settlement is fair, reasonable, and adequate.

For more information about the Fannie Mae & JPMorgan Chase Home Mortgage & HELOC Home Equity Line of Credit TCPA autodialed and pre-recorded voice calls to cell phones class action settlement (including settlement class members’ rights, options and deadlines), visit the Connor v. JP Morgan Chase TCPA autodialed and pre-recorded voice calls to cell phones class action settlement website:

www.connortcpasettlement.com

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