Chao v. Aurora Loan Services, LLC Settlement Website
HomeFrequently Asked QuestionsCase DocumentsContact Us

Welcome to the Chao v. Aurora Loan Services, LLC Settlement Website

This class action lawsuit alleges that Defendant Aurora Loan Services LLC (“Aurora”) violated the legal rights of its customers in the following ways: (a) by sending defaulted California customers a Special Forbearance Agreement, also called a Workout Agreement or Foreclosure Avoidance Agreement (“SFA”), that was deceptive under the Rosenthal Unfair Debt Collection Practices Act; (b) by collecting the required payments under SFAs, but not offering customers a bona fide opportunity to cure the arrearages on their loans; and (c) by collecting additional payments after the completion of the term of the SFA, but not offering customers a bona fide opportunity to cure the arrearages on their loans. Aurora denies that it has done anything unlawful, but has agreed to enter into a settlement agreement to resolve these allegations.

 

The Court has certified the following classes for settlement purposes:

 

The Rosenthal Act Settlement Class

All California residential mortgage customers, to whom Aurora sent the “Workout Agreement,” later called the “Foreclosure Alternative Agreement,” or substantially identical correspondence on or after June 8, 2009.

 

The Restitution Settlement Class

All California residential mortgage customers to whom Aurora sent the “Workout Agreement,” later called the “Foreclosure Alternative Agreement,” or substantively identical correspondence on or after June 8, 2006, who made the trial payments required by their final Workout Agreement, did not thereafter enter into a repayment plan or HAMP trial payment plan, were not thereafter offered a loan modification by Aurora, and were thereafter foreclosed upon.

 

The Restitution Settlement Class contains the “Excess Payment Subclass” who made additional payments to Aurora after the term of their SFA expired.


Please read the Notice for additional information about this settlement and the monetary relief to Settlement Class Members.


Please note the following important dates:

Case Relevant Event Date
Exclusion Deadline December 15, 2014
Objection Deadline December 15, 2014
Final Approval Hearing January 13, 2015, at 1 p.m.