Credit Suisse $300M NJBOS Settlement for RMBS Investors

William C. Gendron

Editor in Chief

Published

June 29, 2026 10:25 AM

Updated

June 29, 2026

Who can file a claim?

Eligible claimants include all persons and entities who purchased or otherwise acquired an interest in Credit Suisse RMBS trust certificates before Dec. 18, 2013, from one or more of the covered series:

Home Equity Mortgage Trust: Series 2006-4, 2006-5, 2006-6, 2007-1 and 2007-2
Home Equity Asset Trust: Series 2006-4, 2006-5, 2006-6, 2006-7, 2006-8, 2007-1, 2007-2 and 2007-3

Additional details

Both individuals and entities can be claimants.
The beneficial owner or a legal representative must file the claim.
All joint beneficial owners must sign the claim form.
Legal representatives, such as executors, administrators, guardians, conservators and trustees, may file on behalf of others and must provide proof of their authority.
Each separate legal entity or separately managed account must submit a separate claim form.

How much can claimants get?

The total settlement fund is $300,000,000. The amount each claimant receives depends on several factors:

The number of valid claims filed
Which RMBS trust certificates the claimant purchased
When the claimant purchased the certificates
How many certificates the claimant purchased
Whether the claimant held or sold the certificates
The date and price of any sale

The settlement administrator will distribute restitution payments on a pro rata basis according to the plan of allocation:

Actual payments may be higher or lower depending on individual claims and the total number of valid claims.
The exact amount each claimant receives cannot be determined until the administrator processes all claims.
Claimants whose calculated restitution payment would be less than $100 will not receive a payment.

How to claim a Credit Suisse restitution payment

Eligible claimants may file a claim online or download, print and complete the PDF claim form and mail it to the settlement administrator. The deadline to file a claim is Oct. 6, 2026.

Settlement administrator's mailing address: NJBOS Credit Suisse Settlement, c/o A.B. Data Ltd., P.O. Box 173056, Milwaukee, WI 53217

Proof or documentation required to submit a claim

All claimants must provide their Social Security number or taxpayer identification number. They must also provide transaction information for each eligible RMBS trust certificate, including:

Trade dates for all purchases, acquisitions, principal distributions, sales and dispositions
The CUSIP number and face value for each transaction
The price and total cost or proceeds for each transaction, excluding interest, commissions, taxes and fees
The CUSIP number and face value of all certificates held as of Dec. 18, 2013

Claimants must also provide documentation to support their transactions in the eligible RMBS trust certificates. Acceptable proof includes:

Brokerage or trade confirmation slips
Monthly brokerage account statements
An authorized statement from a broker containing the transactional and holding information
A signed letter from a broker on firm letterhead verifying the information provided
Other equivalent proof of transactions

Important date

Deadline to file a claim: Oct. 6, 2026

When is the Credit Suisse RMBS settlement payout date?

The settlement administrator will distribute restitution payments to eligible investors after it reviews and approves all claims. The notice does not specify a payout date.

Why did this settlement happen?

The New Jersey Bureau of Securities alleged Credit Suisse made materially false and misleading statements, omitted necessary facts and engaged in acts or practices that operated as a fraud or deceit in connection with the offer, sale or purchase of certain RMBS trust certificates in violation of New Jersey securities law.

Credit Suisse denied the allegations and neither admitted nor denied the Bureau's findings but agreed to pay $300 million in restitution to resolve the matter.