Oklahoma AG files $18.6M mortgage settlement

OKLAHOMA CITY,OK. (AP) - The Oklahoma Attorney General's Office has set a Sept. 13 deadline for residents to apply for compensation under the state's $18.6 million settlement with five mortgage lenders.

Attorney General Scott Pruitt filed the settlement Tuesday in Oklahoma County District Court. Oklahoma was the only state that didn't join a national settlement with the lenders. Pruitt says he reached a separate agreement and that affected Oklahomans would likely receive more money - and faster.

The money will be distributed by the public protection unit of the attorney general's office. Officials say they've already received 65 applications for compensation.

Pruitt says Oklahomans who believe they were harmed by unfair and deceptive practices during the mortgage and foreclosure crisis can apply online for compensation at www.oag.ok.gov.

(Copyright 2012 The Associated Press. All rights reserved.)


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