Attorney General Scott Pruitt plans to announce the size of the first checks going to current and former homeowners in connection with the state's $18.6 million settlement with the nation's largest lenders.
Pruitt will provide details of the settlement on Monday. More than 300 mortgage-related complaints have been filed with Oklahoma's attorney general's office in connection with the settlement agreement.
Practices banks engaged in that are covered under the settlement include robo-signing, where signatures were applied to documents without proper oversight, or dual-tracking, which involves banks guiding homeowners on adjusting mortgages while at the same time pushing ahead with foreclosure.
Oklahoma was the only state that did not sign off on a $25 billion settlement agreement with the nation's largest mortgage lenders, instead reaching a separate agreement with the companies.Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.