June 18, 2001
A consumer class action suit was recently filed in Palm Beach County, Florida, charging that Chase Manhattan Mortgage improperly assessed late charges on payments that had, in fact, been received on time.
In the suit, Dale A. Porcher contends that he sent his mortgage payments to Chase Manhattan in a timely manner. He charges that the mortage company held the payments and posted them to his account after the due date and then slapped him with late payment fees and penalties
The case seeks class action status.
