Lender Processing Services to pay $6 million to Nevada in settlement

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Lender Processing Services to pay $6 million to Nevada in settlement

Lender Processing Services to pay $6 million to Nevada in settlement

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Nevada has reached a $6 million settlement with Lender Processing Services Inc. that resolves the state’s civil action alleging the firm violated the state’s deceptive trade practices act, the state attorney general announced Friday.

The settlement also resolves all other outstanding issues or claims related to the litigation, Catherine Cortez Masto said in a statement. Lender Processing Services is now known as Black Knight Financial Services.

Nevada originally decided not to join a multi-state settlement with LPS signed in 2011 with 49 other states. LPS was recently acquired by Fidelity National Financial Inc., which allowed for negotiations to begin again, the attorney general said.

[REVIEW JOURNAL]

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