Welcome to the Galente v. Cardinal Financial Company, Limited Partnership Settlement Website
TO: All persons who obtained a residential mortgage loan for real property in New Jersey from Cardinal Financial Company, Limited Partnership between January 10, 2017 and January 9, 2023, and paid a fee labeled “Processing Fee” on a Closing Disclosure issued in connection with that mortgage. This includes all loans originated under the originating entity using the Nationwide Mortgage Licensing System and Registry (NMLS) number 66247.
IF YOU ARE A MEMBER OF THIS CLASS OF PERSONS, YOU SHOULD READ THIS NOTICE CAREFULLY BECAUSE IT WILL AFFECT YOUR LEGAL RIGHTS AND OBLIGATIONS.
A settlement (“Settlement”) has been proposed in the class-action lawsuit referenced above pending in the Superior Court of New Jersey, Case No. HUD-L-000082-23 (the “Action”). If the Court gives final approval to the Settlement, Cardinal Financial Company, Limited Partnership (“Cardinal Financial”) will provide for each Class Member who properly and timely completes and submits a Claim Form a one-time cash payment in the amount of 55 percent of the fee labeled “Processing Fee” on your Closing Disclosure issued in connection with a Cardinal Financial residential mortgage loan (“Settlement Payment”).
YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT
These rights and options—and the deadlines to exercise them—are explained in more detail in the Frequently Asked Questions tab.
The Court in charge of this Action has preliminarily approved the Settlement and must decide whether to give final approval to the Settlement. The relief provided to Class Members will be provided only if the Court gives final approval to the Settlement and, if there are any appeals, after the appeals are resolved in favor of the Settlement. Please be patient.
SUBMIT A CLAIM FORM
This is the only way to get a Settlement Payment.
Visit the Settlement website located at www.cardinalfinancialsettlement.com to obtain and to electronically submit a Claim Form and supporting documentation. You can also print the Claim Form from the website and then submit it by mail along with any supporting documentation. The deadline to submit a Claim Form is May 16, 2025.
EXCLUDE YOURSELF
If you exclude yourself from the Settlement, you will not receive a Settlement Payment under the Settlement. Excluding yourself is the only option that allows you to ever bring or maintain your own lawsuit against Cardinal Financial regarding the allegations in the Action ever again. The deadline to exclude yourself is May 16, 2025.
OBJECT
You may write to the Court about why you object to (i.e., don’t like) the Settlement and think it should not be approved. Filing an objection does not exclude you from the Settlement. The deadline to submit an objection is May 16, 2025.
GO TO THE “FAIRNESS HEARING”
The Court anticipates holding a Final Approval Hearing or “Fairness Hearing” to consider the Settlement and the request for attorneys’ fees and costs of the lawyers who brought the Action.
You may, but are not required to, speak at the Fairness Hearing about any objection you filed to the Settlement. If you intend to speak at the Fairness Hearing, you must also include as part of your objection a “Notice of Intention to Appear” to the Court and the Parties’ attorneys indicating your intent to do so. The anticipated Hearing date is August 1, 2025.