What does the Settlement require Ameriquest to do?
A total of $295 million will be paid into a Settlement Fund [by Ameriquest], with the final payment due in March 2007. . . . Ameriquest has also agreed to significantly change many of its lending practices, and give borrowers complete and true information about interest rates, discount points, prepayment penalties, and other refinancing terms. . . . FAQ number 4: Am I eligible for a restitution payment? The $295 million Settlement Fund will be divided into two separate funds of $175 million and $120 million. You could be eligible for a restitution payment from one or both funds. You are eligible for a restitution payment from the $175 million fund if: * You obtained at least one mortgage loan or home equity loan directly from Ameriquest between January 1, 1999, and April 1, 2003, and * The loan meets requirements that the States will set. The vast majority of borrowers who closed a loan between January 1, 1999, and April 1, 2003, will be eligible for a restitution payment under the req
