Claim Form Deadline: Passed
Payout: Varies
Proof Required: Yes
Method of Payment: Mailed Check
Overview of the Settlement
A $44,530,000 class action settlement has been reached regarding predatory loans that allegedly exceeded federal interest rate limits. If you received a loan or line of credit from Great Plains Lending, Plain Green, or MobiLoans, you may be eligible for a cash payment from this settlement.
The claims involve loans and lines of credit associated with three companies owned by Native American tribes: Great Plains, Plain Green, and MobiLoans. These companies are collectively referred to as Think Finance and provided services to the tribes.
The plaintiffs in the lawsuits allege that the defendants violated federal and various state laws by facilitating and/or supporting loans with annual interest rates exceeding state law limits, and by operating without the necessary state licenses.
Eligibility for Compensation
You are part of the Settlement Class if you obtained:
- A loan from Great Plains Lending
- A loan from Plain Green before June 1, 2016
- A cash advance on a line of credit from MobiLoans prior to May 6, 2017
If you did not make any payments on your loan from Great Plains Lending, Plain Green, or MobiLoans, you may not receive a cash payment but could be eligible for other benefits such as injunctive relief. Additionally, you may be affected if you lived in certain states and did not make payments above the principal amount of your loan or did not pay interest above your state’s legal limits.
Exclusions by State:
- If you lived in Arizona, Arkansas, Colorado, Connecticut, Idaho, Illinois, Indiana, Kansas, Kentucky, Massachusetts, Minnesota, Montana, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Pennsylvania, Ohio, South Dakota, Vermont, Virginia, or Wisconsin and did not pay above the principal.
- If you lived in Alabama, Alaska, California, Delaware, Florida, Georgia, Hawaii, Iowa, Louisiana, Maine, Maryland, Michigan, Mississippi, Missouri, Nebraska, North Dakota, Oklahoma, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Washington, West Virginia, Washington D.C., or Wyoming and did not pay interest exceeding your state’s legal limits.
- If you lived in Utah or Nevada, which have no state interest restrictions.
Please be aware that your claim form will be rejected if it contains fraudulent information. By submitting your information and your sworn statement of its accuracy, you are agreeing to do so under penalty of perjury. Submitting false information not only jeopardizes your claim but also affects others who are genuinely eligible for the settlement. If you are uncertain about your eligibility for this class action settlement, please visit the class action administrator’s website for more information. Note that NoProofClassActions.org participates in the Amazon affiliate advertising program, and this post may include affiliate links, which could result in us earning a commission if you make a purchase through those links.
