Class action against the National Bank of Canada for requiring clients for illegal fees in relation to mortgage recourse

Class action against the National Bank of Canada for requiring clients for illegal fees in relation to mortgage recourse

MONTREAL, May 11, 2018 /CNW Telbec/ – The law firms Paquette Gadler Inc. and Adams Avocat Inc. announce the filing of a class action lawsuit against the National Bank of Canada (the ” National Bank “) for illegally demanding from its clients fees for professional services (such as legal fees, etc.) and to preserve the charged property (such as management fees, etc.) in contravention, among others, of article 2762 of the Civil Code of Quebec.

The members to which this class action relates are natural persons and corporations that have:

contracted a movable or immovable mortgage with the National Bank; and
received notice of the exercise of a hypothecary recourse following the granting of such a mortgage and was required to pay the National Bank or its representatives fees for professional services in connection with the recovery of the capital or the interest secured by the mortgage or to preserve the charged property, during the period from May 10, 2015 to the date of the final judgment to be rendered in this proceeding.

For example, if you have a contracted a mortgage with the National Bank, defaulted on your obligations pertaining to the contract and received a notice of the exercise of a hypothecary recourse (a ” Notice of Default and collection “) and you have had to pay the National Bank or its representatives legal fees and/or management fees to correct your default as of May 10th 2015, you may be a part of the members of this class action.

You may also be in a similar situation if you have contracted a mortgage from another financial institution and have been charged such fees to correct your default.

You may voluntarily register for this class action on the websites of the plaintiff’s counsel listed below or obtain further information by contacting us.

Paquette Gadler Inc.

Adams Avocat Inc.

Telephone: (514) 849-0771

Telephone: (514) 848-9363

paquettegadler.com

adamsavocat.com

SOURCE Paquette Gadler inc.

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