Reliance First Capital Lawsuit

Lawyer

Reliance First Capital, LLC is a mortgage servicer that provides services to homeowners, such as processing mortgage payments and handling escrow accounts. The company has been the subject of numerous lawsuits in recent years, alleging a variety of violations of consumer protection laws.

One of the most common allegations against Reliance First Capital is that the company engages in unfair and deceptive practices in its collection of mortgage payments. For example, some borrowers have alleged that Reliance First Capital has charged them excessive late fees, even when they have only made a small payment late. Others have alleged that the company has threatened to foreclose on their homes even when they are not in default on their mortgages.

In addition to its collection practices, Reliance First Capital has also been sued for alleged violations of the Telephone Consumer Protection Act (TCPA). The TCPA prohibits telemarketers from calling consumers who have registered their phone numbers on the National Do Not Call Registry. However, some borrowers have alleged that Reliance First Capital has continued to call them even after they have asked to be removed from the company’s call list.

Reliance First Capital has also been sued for alleged violations of the Real Estate Settlement Procedures Act (RESPA). RESPA is a federal law that protects consumers from unfair and deceptive practices in the real estate settlement process. Some borrowers have alleged that Reliance First Capital has charged them excessive fees for mortgage servicing services, and that the company has failed to properly account for escrow funds.

Recent Lawsuits

In 2023, Reliance First Capital was the subject of two class action lawsuits alleging violations of the TCPA. The first lawsuit was filed in the United States District Court for the Northern District of Illinois, and the second lawsuit was filed in the United States District Court for the Middle District of North Carolina. Both lawsuits allege that Reliance First Capital continued to call consumers who had registered their phone numbers on the National Do Not Call Registry.

In addition to the TCPA lawsuits, Reliance First Capital is also facing a class action lawsuit in the United States District Court for the Southern District of Ohio alleging violations of RESPA. The lawsuit alleges that Reliance First Capital charged borrowers excessive fees for mortgage servicing services and failed to properly account for escrow funds.

Conclusion

Reliance First Capital has been the subject of numerous lawsuits in recent years alleging violations of consumer protection laws. The company has denied all of the allegations against it, and the lawsuits are still ongoing. However, the allegations against Reliance First Capital raise serious concerns about the company’s business practices.

FAQs

Q: What is Reliance First Capital?

A: Reliance First Capital is a mortgage servicer that provides services to homeowners, such as processing mortgage payments and handling escrow accounts.

Q: What are the allegations against Reliance First Capital?

A: Reliance First Capital has been sued for a variety of violations of consumer protection laws, including unfair and deceptive collection practices, violations of the Telephone Consumer Protection Act, and violations of the Real Estate Settlement Procedures Act.

Q: What is the status of the lawsuits against Reliance First Capital?

A: The lawsuits against Reliance First Capital are still ongoing.

Q: What can I do if I have been harmed by Reliance First Capital?

A: If you believe that you have been harmed by Reliance First Capital, you may want to contact a consumer protection attorney.

Q: What are my rights under the Telephone Consumer Protection Act?

A: The TCPA prohibits telemarketers from calling consumers who have registered their phone numbers on the National Do Not Call Registry. If you have received a call from a telemarketer after registering your phone number on the Do Not Call Registry, you may be entitled to damages.

Q: What are my rights under the Real Estate Settlement Procedures Act?

A: RESPA is a federal law that protects consumers from unfair and deceptive practices in the real estate settlement process. If you believe that you have been harmed by a violation of RESPA, you may be entitled to damages.

Conclusion

If you have been harmed by Reliance First Capital, you should contact a consumer protection attorney to discuss your legal options.

References

  • Reliance First Capital Lawsuits: https://www.bbb.org/us/ny/melville/profile/mortgage-banker/reliance-first-capital-llc-0121-114071
  • Reliance First Capital TCPA Class Action Lawsuit: https://www.natlawreview.com/article/bad-news-state-law-world-tcpa-and-ncsta-defendant-reliance-first-capital-llc-loses
  • Reliance First Capital RESPA Class Action Lawsuit: https://www.foley.com/en/insights/publications/2022/01/federal-court-allow-unusual-respa-section-8-claim

 

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