Top Story - Mortgage Lenders - Watch Out for Class Actions!
Date:
September 1 2004
Recently, eleven different class actions were launched against various Canadian financial institutions. The plaintiff borrowers in the class actions had all prepaid their mortgages at a time when their mortgages did not
permit prepayment. They are now seeking a refund from their mortgage lenders of what they claim to be the overpaid amount of the prepayment penalty, plus interest and costs.
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