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Bank of America (Mortgage Interest) »

Defendant: Bank of America

Alleges that Bank of America’s failure to report option adjustable rate mortgage (“Option ARM”) borrower’s Payments of Deferred Interest on Form 1098 for Tax Years 2009 to 2012 caused borrowers to overpay their taxes.  Consumers who had an Option ARM between 2009 and 2013 and made Payments of Claim deadline is Sunday, 13 July 2014.

Bank of America (Mortgage Interest) »

Defendant: Bank of America

Alleges that Bank of America’s failure to report option adjustable rate mortgage (“Option ARM”) borrower’s Payments of Deferred Interest on Form 1098 for Tax Years 2009 to 2012 caused borrowers to overpay their taxes.  Consumers who had an Option ARM between 2009 and 2013 and made Payments of Deferred Interest to the IRS may be eligible for at least $40.  Consumers who made Payments of Deferred Interest in Tax Year 2009 may be eligible for 75% of the tax deduction value of the deferred interest payments.  Consumers who made Payments of Deferred Interest in Tax Years 2010, 2011, or 2012 will receive amended Forms 1098 and $40 per form for the consumer to amend the tax return.

Claim deadline is Sunday, 13 July 2014.

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