Attorney General Chris Koster

Attorney General Chris Koster said Friday he is sending assistant attorneys general into every county in the state during the week of March 26 to provide information to Missouri consumers about a national mortgage settlement and to register with his office county residents who might qualify to receive benefits under the program.

The meeting in Texas County is at noon March 29 at the justice center.

“Missourians are eligible to receive significant help under the terms of the mortgage settlement, including money for those who have been foreclosed on and opportunities for others to refinance and lower their payments,” Koster said. “We want to make sure that every Missourian who might be eligible for assistance knows about these programs and knows how to participate.”

Koster said that about $156 million is slated to help Missouri homeowners and people who have been foreclosed on. He said he is concerned that if Missouri consumers do not use the full $156 million, some of the funds could go to other states. The forums are being held in each county to reach the most people, and to give Missourians the opportunity to hear about the program directly from the attorney general’s office. Individuals can also register with the Attorney General’s Office at the forums to receive specific information as it comes available on participating in the program.

Koster noted that the settlement applies to five of the nation’s largest banks: Bank of America, Citigroup, JPMorgan Chase, Wells Fargo and Ally Financial (GMAC).

Consumers can get more information about the mortgage settlement on the attorney general’s website at http://ago.mo.gov/mortgageSettlementInfo.htm or by calling the attorney general’s mortgage settlement hotline at 855-870-7676.

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