Conservice agreed to pay $2.5 million to resolve claims that it violated Maryland debt collection laws by collecting debts without a proper license.
The settlement benefits individuals who received a bill from Conservice concerning a Maryland residence where the bill included a service fee between Dec. 8, 2017, and Sept. 2, 2022.
The plaintiff in the debt-collection class action lawsuit claims that Conservice acted as a collection agency when sending bills for utilities and service fees without having the collection agency license required by Maryland law.
Conservice is not a debt-collection agency. Conservice is a utility management company that provides services for multi-family communities, commercial properties, single-family homes, student housing, military housing and other locations.
Conservice hasn’t admitted any wrongdoing but agreed to a $2.5 million class action settlement to resolve these allegations.
Under the terms of the settlement, class members can receive an equal share of the net settlement fund.
Payments will vary depending on the number of claims filed with the settlement. Each claimant will receive the same settlement amount, regardless of the amount they paid in service fees during the class period. Class members can choose to receive their settlement payment as either an electronic payment or a check.
Residual settlement funds may be used for a second distribution of electronic debit or gift cards. However, if residual funds do not warrant a second distribution, the money will be returned to Conservice.
The deadline for exclusion and objection is Dec. 16, 2023.
The final approval hearing for the settlement is scheduled for Jan. 11, 2023.
To receive settlement benefits, class members must submit a valid claim form by Feb. 9, 2023.
Source link
