(BOISE) – Attorney General Lawrence Wasden, along with 48 other state attorneys general and the District of Columbia have reached a $45 million settlement with New Jersey-based mortgage lender and servicer PHH Mortgage Corporation. The settlement also involved mortgage regulators from Idaho and 46 other states.

The settlement includes $30.4 million in payments to borrowers nationwide with the remaining funds going to state attorneys general who led the investigation, as well as state mortgage regulators.

The settlement resolves allegations that PHH, the nation’s ninth largest non-bank residential mortgage servicer, improperly serviced mortgage loans from January 1, 2009, through December 31, 2012. The agreement requires PHH to adhere to comprehensive mortgage servicing standards, conduct audits, and provide audit results to a committee of states. The settlement does not release PHH from liability for conduct that occurred beginning in 2013.

“The settlement holds PHH accountable for harms homeowners suffered from improper loan servicing and demonstrates the states’ continued enforcement efforts in this area,” Attorney General Wasden said.

In Idaho, 212 borrowers are eligible to receive $112,590 in payments from the settlement fund. Ninety-four borrowers who lost their homes to foreclosure will receive at least $840. Borrowers who faced foreclosure but who didn’t lose their homes will receive at least $285. That includes 118 homeowners in Idaho.

A settlement administrator will contact eligible borrowers at a later date.