On Wednesday, Attorney General Andy Beshear announced that Kentuckians who filed claims in the settlement with mortgage lender and servicer HSBC to address mortgage origination, servicing and foreclosure abuses will receive payment in February. The $59.3 million settlement is to provide direct payment to approximately 1,407 eligible Kentucky borrowers whose loans were serviced by HSBC and who lost their homes to foreclosure from January 1, 2008, through December 31, 2012, and encountered servicing abuse. The HSBC agreement requires the company to provide certain Kentucky borrowers with loan modifications or other relief, while also requiring them to change how they handle loans, foreclosures, and provide information for bankruptcy.