To see if you will be affected by this class action, you first have to determine if you are a member of the RoundPoint Settlement Class. The "RoundPoint Settlement Class" includes:
All borrowers with mortgage loans secured by property in the United States who, within the Settlement Class Period (as defined below), were charged by RoundPoint under an LPI Policy for Residential Property, and who, within the Settlement Class Period, either (i) paid to RoundPoint the Net Premium for that LPI Policy or (ii) did not pay to and still owe RoundPoint the Net Premium for that LPI Policy. Excluded from the Class are: (i) individuals who are or were during the Settlement Class Period officers or directors of any Defendant in the Litigation or any of their respective Affliliates; (ii) any justice, judge, or magistrate judge of the United States or any State, their spouses, and persons within the third degree of relationship to either of them, or the spouses of such persons; (iii) borrowers whose LPI Policy was cancelled in its entirety such that any premiums charged and/or collected were fully refunded to the borrower's escrow account; and, (iv) all borrowers who file a timely and proper request to be excluded from the Settlement Class.
The "Settlement Class Period" begins on November 1, 2012 and continues through and including October 12, 2018.
"LPI Policy" means 1) a lender-placed residential hazard, flood, flood-gap or wind-only insurance policy or policies issued by Great American; 2) procured by Willis of Ohio on behalf of RoundPoint; and 3) placed pursuant to a mortgage loan agreement, home equity loan agreement, or home equity line of credit serviced by RoundPoint to cover a borrower's failure to maintain the required insurance coverage on the Residential Property securing the loan.