Santander Auto Loan Settlement Doesn T Include My State The june 27, 2022 deadline to request a reissue of your check has passed. at this time, we are unable to process any new check reissue requests. e payments were distributed on june 4, 2021. checks were distributed on june 8, 2021. consumers had until march 22, 2021 to select their payment option. You should call (888) 222 4227 if you have questions regarding whether your loan qualifies for either of these forms of relief, or if you have questions in general about your santander loan. if your loan balance recently was reduced to zero but not as the result of your paying off the loan, this means you received relief directly from santander.
Santander Auto Settlement Update What To Do If Your State Isnt Include One question that has been frequently asked is 'what should i do if my state is not included in the santander auto loan court settlement'? **for amazing cred. The attorneys general, representing 33 states and the district of columbia, said the dallas based lender had exposed borrowers to unnecessarily risky loans with a high chance of default. in addition to paying $65 million in restitution, santander consumer has also agreed to forgive nearly $500 million in car loan debt to borrower nationwide. Under the settlement, santander is required to provide relief to consumers and, moving forward, is required to factor a consumer’s ability to pay the loan into its underwriting. santander will pay $65 million to the 34 participating states for restitution for certain subprime consumers who defaulted on loans between jan. 1, 2010 and dec. 31. According to the santander car loan website, the $65 million settlement will be used for subprime consumers who have defaulted on loans between jan. 1, 2010 and dec. 31, 2019. santander is required to allow customers to keep their car and waive any loan balance for those who have the lowest quality loans and have defaulted as of dec. 31, 2019.
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