On February 25, 2013 the Superior Court of New Jersey in Salem County granted preliminary approval of a class action settlement on behalf of approximately 12,000 consumers in New Jersey who brought claims of alleged recording fee overcharging against Title Compny of Jersey (TCJ). The class action lawsuit alleged that TCJ collected Mortgage and Deed recording fees at New Jersey real estate closings from consumers that were higher than allowed under New Jersey law. TCJ denied the allegations, but was in agreement to resolve the case.
The class settlement establishes a procedure whereby class members can submit a claim form to have their real estate sales documents on file with TCJ reviewed by a claims reviewer. Any class member who submits a completed claim form and who are found to have been overcharged will get 100% of the overcharge refunded. Refunds will range between approximately $10 and $150 for persons who submit a claim and are found to have been overcharged.
“As far as we are concerned, this agreement puts these issues to rest and fairly resolves the concerns of the class,” said Plaintiffs’ Attorney Stephen DeNittis. “By settling this case persons will have the ability to be made fully whole”. This settlement applies only to roughly 12,000 persons who attended a real estate closing with TCJ between March 13, 2006 and February 25, 2013.
TCJ is not the first to settle such claims of alleged recording fee overcharging. In the past year, Shabel & DeNittis has obtained settlements for over 60,000 persons throughout New Jersey against numerous title companies including: Surety Title, Trident Land Title, Integrity Title, Landis Title, North American Title and Victorian Title.
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