As part of the National Mortgage Settlement, California, Florida and Nevada reached separate agreements with certain mortgage servicers establishing consumer relief and refinancing obligations for the benefit of distressed borrowers in their respective states. The servicers’ credited consumer relief and refinancing requirements within the state agreements were as follows:

• California: Bank of America, $8.1 billion; Chase, $1.95 billion; Wells Fargo, $1.95 billion
• Florida: Bank of America, $1.8 billion; Chase, $1 billion; Wells Fargo, $1.2 billion
• Nevada: Bank of America, $750 million

On May 6, 2014, after extensive testing, the Monitor filed reports with the U.S. District Court for the District of Columbia stating that the servicers fulfilled these obligations.