Jo Ann Howard & Associates, P.C., the receiver of National Prearranged Services, recently sent out a notice to funeral home providers that suggests to us that a settlement with PNC Bank may be in the offering. The “Notice to Funeral Homes” advises that funeral homes will have until June 1st to provide documentation of losses on serviced NPS contracts, and that no loss claims will be accepted on contracts performed after May 1st. This has prompted questions from funeral directors whether they can expect a recovery from the receiver. That may depend on the nature of the settlement that has yet to be announced. The Notice would seem to suggest that the settlement is imminent.