Haventree Mortgage Renewal Settlement

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Settlement Approved

 

On July 2, 2024, the Ontario Superior Court of Justice approved the Settlement on behalf of the Settlement Class. Under the Settlement, Haventree Bank, also known as Banque Haventree, and its insurer will pay $1,500,000 to settle the lawsuit. This amount will be used to pay the successful Claims of Settlement Class Members as well as certain fees and expenses, including Class Counsel Fees in the amount approved by the Court.

 

Settlement Class Members may be eligible for a Settlement Payment, provided that they submit a valid and timely Claim. Payments to Settlement Class Members with Approved Claims will not exceed $5,000 per mortgage, but could be less than that amount per mortgage. This amount will be divided evenly between any Settlement Class Members with Approved Claims related to the same mortgage.

 

After satisfying all Approved Claims, any excess or remaining amount of the Settlement Amount will be donated to a cy-près recipient – a charitable organization – to be jointly agreed to by the Parties and approved by the Court.

 

Claims Deadline

 

The deadline to file a Claim is May 16, 2025. For a copy of the Claim Form, please click here.

 

You may make a Claim by filling out the Claim Form and submitting it to the Claims Administrator, by mail or email, on or before May 16, 2025.

 

Email:  info@haventreemortgagerenewalsettlement.ca

 

Mail:    Haventree Mortgage Renewal Settlement

c/o Epiq Class Action Services Canada Inc.

P.O. Box 507 STN B

Ottawa, ON  K1P 5P6

 

Please keep a copy of your completed Claim Form for your own records.

 

If you fail to submit a Claim Form on or before May 16, 2025, you will not be eligible to claim any distribution from the Settlement. Sending in a Claim Form late will be the same as doing nothing.

 

Change of Address or Contact Information

 

Please promptly notify the Claims Administrator, by email or mail at the addresses listed above, of any changes to your contact information. The information on file is used to communicate with you about your Claim.

When providing any change, please provide:

 

1. your full name;
2. your Claim ID (if applicable);
3. your old/previous contact information; and
4. any change(s) requested.