HSBC Loan Payoff Litig.

HSBC Loan Payoff Litigation

Case Name: Rubino v. HSBC Bank USA, N.A.
Court: New York Supreme Court
Status: Ongoing

This proposed class action alleges violations against HSBC Bank USA, N.A., HSBC Bank USA, HSBC Mortgage Corporation and PHH Mortgage Corporation under two New York laws that require banks to release their mortgage liens within 30-days of repayment, and as a result engaged in breach of contract and deceptive practices. . The case against HSBC claims that HSBC did not present a “satisfaction of mortgage” or “certificate of discharge” to release the mortgage lien against the homeowner plaintiff’s home within 30-days of Plaintiff’s and his wife’s repayment. In May 2016, HSBC announced that its New York mortgage loans would be serviced by PHH Mortgage Corporation.

Tusa P.C. is currently investigating similar conduct by HSBC and other mortgagees that harmed consumers. Please contact us to discuss your experiences.