Since this agreement was reached in the United States District Court for the District of Columbia, HSBC will not be liable for possible civil law violations. State or federal governments are still able to seek criminal charges against the company, however.
If your home is underwater and your servicer is HSBC, The Dann Law Firm may be able to help. Do not hesitate to call us at 216-373-0539 so we can evaluate your eligibility!
To learn more about this settlement, see: http://www.pickawaynewsjournal.com/dewine-announces-joint-settlement-with-mortgage-lender-hsbc--cms-1744