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A proposed class action settlement may affect your rights.
Important things to know:
- If you remain in the Settlement Class and the Court approves the Settlement, you will receive a monetary payment through a statement credit if you still have a loan serviced by Shellpoint, or a check if you do not have a loan serviced by Shellpoint.
- If you take no action, you will still be bound the Settlement and its releases.
Your Legal Rights & Options:
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DO NOTHING |
If you do nothing, you will receive a statement credit or cash payment described in this Notice and you will be bound by the Court’s decisions regarding the Settlement. You will not be able to pursue any potential claims against the Defendant that have been released as part of the Settlement. Review the full release at www.SLSMortgageSettlement.com. |
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EXCLUDE YOURSELF FROM THE SETTLEMENT |
You can opt out of the Settlement if you want to maintain any legal rights you may have against Defendant. But if you opt out, you will not receive a statement credit or cash payment provided under the Settlement if the Court grants final approval. To opt out from the Settlement, you must send a written request addressed to the Settlement Administrator and state that you wish to be excluded from the Settlement and include the information discussed in more detail in this Notice. The opt-out deadline is April 5, 2025. |
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OBJECT TO THE SETTLEMENT |
You have the right to write to the Court to object to the Settlement if you believe it is unfair. You would remain a part of the Class and be bound by the Court’s decisions regarding the Settlement. The objection deadline is April 5, 2025. |