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Action required California DFPI CA Aug 23, 2026

California Multistate Settlement with NewRez LLC

A multistate settlement with NewRez LLC was announced on August 12, 2026, regarding improper charges for force-placed insurance.

A multistate settlement with NewRez LLC was announced on August 12, 2026, regarding improper charges for force-placed insurance.

What changed

NewRez will pay $15.5 million, with over $4.5 million already remediated.

Compliance perspective

Entities should ensure transparency in insurance-related charges to avoid violations.

Key date

Effective date: August 12, 2026.

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