If you are a California resident who paid a fee to Impac Funding Corporation in connection with a mortgage loan modification after October 11, 2009, you may be a member of a California consumer class action.
A lawsuit has been certified as a class action case alleging violation of the California Unfair Competition Law by Impac Funding Corporation (referred to as “Impac”) between October 11, 2009 through July 17, 2017. Impac denies any liability (i.e., fault) in the lawsuit and the Court has not decided whether Impac did anything wrong.
Generally, you may be a member of the plaintiff class if you are a California resident who paid a fee to Impac in connection with a loan modification after October 11, 2009 through July 17, 2017. The complete class definition is available in FAQ 5.
You are not included in the class if you received a mortgage loan modification through Impac but did not pay a fee.
|YOUR LEGAL RIGHTS AND OPTIONS:|
|DO NOTHING||If you do nothing, you will automatically be part of this lawsuit if you qualify as a member of the class. The class Plaintiffs and attorneys will act as your representative and counsel for the prosecution of the claims against Impac. As a member of the class, you will not be responsible for any attorneys’ fees and costs except that the Court may award fees and costs to Plaintiffs’ counsel out of or in addition to any recovery achieved on behalf of the class. Any judgment or settlement in this case will apply to you, including any restitution/money awarded to you and the Class. Similarly, any judgment in favor of Impac would apply to you if Impac is successful in defending the claims asserted. You will give up legal rights to sue Impac separately about the same legal claims in this lawsuit. If you do not exclude yourself, you have the right to hire your own lawyer, at your expense, to appear on your behalf.|
|EXCLUDE YOURSELF||You may ask to be excluded if you do not want to participate in this litigation and wish to keep your individual right to sue Impac. If you ask to be excluded, no judgment or settlement in this case will apply to you, and you would be excluded from any judgment or settlement, including exclusion from any restitution/money awarded to you and the Class. Similarly, you would be excluded from any judgment in favor of Impac if Impac is successful in defending the claims asserted. However, you will retain the right to obtain your own counsel and file your own lawsuit for the same claims. For an explanation on how to exclude yourself, please review FAQ 8.|