PIERRE, S.D. (AP) – South Dakota’s attorney general is asking businesses and governmental agencies to submit written proposals on how the remaining portion of mortgage settlement should be spent.
Attorney General Marty Jackley joined with other state attorneys general in reaching a $25 billion federal-state agreement with the nation’s five largest mortgages service providers over nationwide mortgage practices.
The proposed agreement provided an estimated $7.8 million in direct relief to South Dakota homeowners and addresses future mortgage loan service practices.
Much of the how the settlement will be distributed is structured, but the Mortgage Settlement Task Force will determine how the state’s remaining share will be distributed.
The application deadline is Sept. 30.
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