TALLAHASSEE, Fla. (AP) - More than 1,700 Floridians who lost their homes to foreclosure will receive small payments as part of a national settlement with five major banks.
Florida Attorney General Pam Bondi announced Friday that payments of $1,480 would be paid next week. A total of $2.5 million will be distributed.
The state had previously announced that payments of $1,480 were paid to approximately 73,000 former homeowners who qualified for assistance under the settlement.
Five lenders negotiated a $25 billion settlement in 2012 to end an investigation into foreclosure abuses.
Florida - which has been hit hard by the foreclosure crisis and the collapse of the housing market - negotiated one of the largest shares in the settlement agreement with Ally Financial, Bank of America, Citigroup, JPMorgan Chase and Wells Fargo.
You may also like...
Weird Florida: A look back at some of the strangest stories of the year
Miracle Baby: Tampa toddler has 5-organ transplant
Broke Bad: Contest winner busted in synthetic drug ring
Here kitty, kitty: Lion escapes enclosure at Pasco sanctuary
Fake Cop: Man arrested 3 times for impersonating officer
Animal tragedy: Girl's miniature horse attacked by dogs
#ShortYellows: Florida quietly shortened yellow lights
Kittens shot: Officer shoots kittens in front of children
Popular photo galleries:
Faces of Meth: Devastating before and after photos of meth abusers
Trayvon Martin Shooting: Trayvon Martin crime scene photos and George Zimmerman injury photos
Hooters Winners: Winners of the 2013 Hooters swimsuit pageant
Rejected: Funny Florida license plates rejected by the DMV***warning graphic***
Deadly sinkhole: Home collapses, man dies in giant sinkhole
Florida Sex Offenders: Look up sex offenders in any Florida neighborhood here
Restaurant Inspections: Look up inspection reports for any Florida restaurant here