What is the total restitution (compensation) payment for the District of Columbia?
The District received $233,301.00 from Household as payment for restitution to District consumers. Q: What types of loans are covered? The settlement covers any Household loan that is secured by real estate located in the District of Columbia, including home equity loans, personal home loans, and mortgages and the loan was issued (closed) during the settlement period of January 1, 1999, through September 30, 2002. Q: How much restitution is each borrower eligible to receive? Every borrower is eligible to receive at least $100.00 for each loan covered by the settlement they had from Household. This payment is called the “Pro Rata Restitution Payment.” Borrowers with loans that contained certain terms will receive additional restitution calculated on the basis of the type of harm suffered and the amount of the loan. This payment is called the “Proportional Restitution Payment.” This refund will be provided even if your loan does not fall within one or more of the categories of harm refer
