THE HERTZOG BLOG

Countrywide (now BofA) To Offer Identity Theft Insurance to 17.5 Million Customers

Countrywide (now BofA) To Offer Identity Theft Insurance to 17.5 Million Customers

In what is being described as the largest case of identity theft in our history, on Monday a Kentucky federal judge agreed to allow both former and current Countrywide customers to receive free credit report monitoring, identity theft insurance, and reimbursement (up to $50,000 per customer) from Bank Of America.

According to the lawsuit, a former Countrywide sub-prime division specialist downloaded personal customer files (complete with social security numbers), and sold them to other mortgage companies, to be used as sales leads.  The former employee, Rene Rebollo, faces a trial on October 19th in Los Angeles, CA.

Countrywide Identity Theft

Under the terms of the settlement, BofA will offer these services to approximately 17.5 million former/current Countrywide customers.  The agreement covers anyone who sent private information to Countrywide before July 1, 2008.

To see if you or someone you know is eligible for this program, you may visit the Countrywide Data Settlement Site.

The LA Times recently published an article that goes into more details on the lawsuit/settlement.

Feel free to share this information with friends, family, clients, etc.  As we all know, being a victim of identity theft can be a very stressful ordeal.  I plan on sending this out to everyone in my sphere today.

P.S.  I just realized something very important after re-reading the Settlement Document.  In typical BofA fashion, they are only giving people until September 7, 2010 to find out if they qualify for this settlement.  It's critical to get this information out to your clients today!

 

Bob Hertzog 

Summit Home Consultants

www.foreclosureuturn.com

Copyright © By Bob Hertzog 2010 *

Countrywide (now BofA) To Offer Identity Theft Insurance to 17.5 Million Customers*


 

 

 

 

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Bob Hertzog

Designated Broker-Summit Home Consultants

http://phoenixhomeseekers.com

           


 

 

Comment balloon 15 commentsBob Hertzog • September 02 2010 11:11AM
Countrywide (now BofA) To Offer Identity Theft Insurance to 17. 5…
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