Current and former customers of JPMorgan Chase Bank may be
entitled to financial compensation. Berger & Montague is
currently investigating allegations that JPMorgan Chase Bank
requires certain borrowers to purchase flood insurance in excess of
When a lender originates or services a mortgage loan for
customers who pledge their home or condominium unit located in a
"Special Flood Hazard Area" as collateral, federal law requires
proof of adequate flood insurance as a condition of obtaining the
Subsequent to closing, JPMorgan Chase Bank sends some customers
form notices informing them that their flood insurance is
inadequate under federal law and/or the mortgage contract.
JPMorgan Chase Bank requires that these customers purchase flood
insurance that exceeds the bank's security interest in the home or,
alternatively, exceeds the replacement cost of the home.
JPMorgan Chase Bank misrepresents that the flood insurance
requirement is in line with federal laws for homeowners in "Special
Flood Hazard Areas." JPMorgan Chase Bank then continues to send a
series of letters asking for more information and explaining
JPMorgan Chase Bank's intention to force-place flood insurance.
Ultimately, JPMorgan Chase Bank purchases the flood insurance
policy at a high premium and assesses the premium costs on the
homeowner. The cost of the policy is added to the mortgage
balance. As a result, the customers have no choice but to pay
If you obtained a mortgage from JPMorgan
Chase Bank and were forced to buy flood insurance by
JPMorgan Chase Bank even though you were covered by an
adequate flood insurance policy, you may be entitled to financial
compensation. For questions about this
class action against JPMorgan Chase Bank, please
contact Shanon J. Carson at (215) 875-4656 or by email at email@example.com. Further
information is set forth below.
Are you a current or former customer of JPMorgan Chase
Bank? Fill out the free case review form describing your
JPMorgan Chase Bank complaints to find out if you have legal
recourse to recover monetary damages.
JPMorgan Chase Bank Forced-Placed Flood Insurance
Class Action Attorneys
Due to the number of JPMorgan Chase Bank complaints from
consumers, our attorneys are currently available to review claims
from current and former customers who obtained mortgages using
their home or condominium located in a "Special Flood Hazard Area"
as collateral. If you suspect that you have been subject to
JPMorgan Chase Bank's forced-placed flood insurance practices
described above, complete our no cost, no obligation case review
form today. At no cost to you, our lawyers will review your
claim to determine if you can recover financial compensation
through a JPMorgan Chase Bank class action, a type of lawsuit which
would allow a large number of consumers the chance to collectively
bring a claim against the company in court.
Berger & Montague's force-place insurance group is
vigorously representing homeowners across the country in class
action lawsuits against several major banks including the cases Arnett
v. Bank of America, Cronk v. GMAC Mortgage LLC,
Throm v. GMAC Mortgage LLC,
and Richards v. RBS