Posted at 12:09 p.m., Monday, December 22, 2003
Borrowers will receive checks
Advertiser Staff
More than 2,000 Hawai'i consumers have been sent checks from a state settlement with Household and Beneficial Finance.Hawai'i joined with other states in alleging the mortgage lender overcharged borrowers in fees and interest and misled them regarding loan terms. Household agreed to pay $484 million, the largest dollar settlement of a consumer-protection case.
Checks ranging from $25 to more than $14,000 and totaling more than $2 million represent the state’s share of the multistate settlement.
For more information, call 586-2636.
