$25M loanDepot data breach class action settlement

This settlement is closed. The claim deadline has passed and new claims are no longer being accepted. This page is kept for reference — see settlements that are still open →

By the Class Action Buddy Editorial Team · Last reviewed April 22, 2026

$5,000
Max Payout
May 27, 2025
Filing Deadline
Yes
Proof Required?
loanDepot, a major mortgage lender, agreed to pay $25 million to settle a class action lawsuit alleging the company failed to implement adequate cybersecurity measures, leading to a January 2024 data breach that affected 16.9 million customers. The breach compromised sensitive personal information including Social Security numbers, financial data, and other private details. People who received individualized notice from loanDepot that their personal information was compromised in the data breach occurring between January 3 and 5, 2024, were eligible for compensation.
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Who Was Eligible?

Who the settlement covered:

    To qualify for this settlement, you must have: - Received individualized notice from loanDepot about the data breach - Had your personal information compromised in the breach that occurred between January 3 and 5, 2024 Payment tiers: - All eligible claimants: Cash payments ranging from $5.30 to $70.71 based on participation rates - Claimants with documented losses: Reimbursement up to $5,000 with supporting documentation - California residents: Additional CCPA payments ranging from $14.90 to $149.04 Documentation such as bank statements, receipts, account statements, invoices, and credit reports was required for loss reimbursement claims.

How Much Did It Pay?

The total settlement fund was $25 million, which included approximately $9.34 million in security enhancements loanDepot agreed to implement. Base cash payments ranged from $5.30 to $70.71 depending on participation rates. California residents qualified for additional CCPA payments of $14.90 to $149.04. Those with documented fraud or identity theft losses could seek reimbursement up to $5,000.

How this claim was filed

This settlement is closed, so the steps below are kept for reference only — they no longer lead anywhere you can file.

    This settlement's claim deadline of May 27, 2025 has passed. While you can no longer file a claim, you can download Class Action Buddy to get notified about similar future settlements.

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Frequently Asked Questions

What is the deadline to file a claim for the $25M loanDepot data breach class action settlement?

The deadline to file a claim was May 27, 2025, and it has passed. Claims are no longer accepted for this settlement.

How much can I receive from the $25M loanDepot data breach class action settlement?

The maximum payout per eligible claimant is up to $5,000. Actual payments may be lower depending on the total number of valid claims filed and the available settlement fund.

Did I need documentation for the $25M loanDepot data breach class action settlement?

Yes — this settlement required supporting documentation, and the official claim form set out what counted.

What information was compromised in the loanDepot data breach?

Details about the specific types of information compromised in the 2024 loanDepot data breach are still pending. The breach affected 16.9 million customers and likely involved personal and financial information typically held by mortgage lenders.

When did the loanDepot data breach happen?

The loanDepot data breach occurred in 2024. If you were affected, you should have received notification from the company about the security incident and the compromise of your personal information.

How much money can I get from the loanDepot settlement?

Individual payout amounts from the $25 million settlement have not been announced yet. The final compensation amounts will depend on factors like the number of valid claims filed and the extent of damages experienced by each class member.

Primary source: official settlement administrator — loandepotbreachsettlement.com. The settlement details on this page were checked against the administrator’s official website.

Class Action Buddy is an independent directory and is not affiliated with, endorsed by, or sponsored by the settlement administrator or the court. This page is general information, not legal advice. See how we verify settlements.

This settlement has closed

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