Class Action Claims Radian Settlement Services Notary Fees Exceed Pennsylvania Maximum

New to ClassAction.org? Read our Newswire Disclaimer

A proposed class action lawsuit accuses Radian Settlement Services, Inc. and CEO Shawn P. Murphy of overcharging consumers for notary services.

Were you charged excessive notary fees? Let us know here.

The 16-page lawsuit says that under Pennsylvania’s Revised Uniform Law on Notarial Acts (RULNA), entities are prohibited from charging more than $5 for notarizing a signature. However, the suit alleges that the Pennsylvania-based company, which provides mortgage insurance, settlement and title services, has a policy of collecting notary fees far in excess of the statutory maximum, in violation of state law.

The plaintiffs, two Pennsylvania residents, used Radian’s services in September 2022 in connection with the settlement of their residential mortgage loan, the case relays. A document that itemized the closing costs of the loan revealed that the company charged the couple a $225 notary fee, the complaint claims.

“Because a notary public is statutorily barred from charging more than $5.00 for notarizing a signature, Radian Settlement and its notary public violated the statute by overcharging the [plaintiffs], at a minimum, by $205,” the filing contends.

The case argues that the defendants knew consumers were “not generally aware of the statutory limitations on notarial fees” and “took advantage of the ignorance” by overcharging them for services.

The lawsuit looks to represent anyone who purchased, sold or refinanced residential real estate in Pennsylvania at any time since October 4, 2017 and who were charged notary fees by Radian that were in excess of the fees fixed by the Secretary of the Commonwealth of Pennsylvania.

Were you charged excessive notary fees? Let us know here.