Academy Mortgage Settlement for March 2023 Data Breach: Up to $3,000

Academy Mortgage Corporation discovered in or around March 2023 that someone may have gained unauthorized access to its computer systems. An investigation found that personal information, including first and last names, Social Security numbers, dates of birth and financial account information, may have been accessed and taken. The company began notifying affected individuals in December 2023.

A lawsuit followed, claiming Academy Mortgage was negligent, breached an implied contract, invaded people's privacy and violated consumer protection laws in several states, including California, Washington and Idaho. Academy Mortgage denies any wrongdoing or liability. The parties have reached a settlement, but it still needs final court approval, a Final Fairness Hearing is set for March 31, 2027.

You may be eligible if Academy Mortgage sent you notice that your personal information could have been affected by the breach. To receive benefits, you must submit a valid claim form by January 27, 2027. Doing nothing means forfeiting both the benefits and your right to sue Academy Mortgage over these claims separately.

Under the settlement, Academy Mortgage will pay $1,995,000 into a fund. Class members with valid claims can seek reimbursement of up to $3,000 for documented losses, along with a Pro Rata Cash Payment and three years of credit monitoring. The fund will also cover administrative costs, taxes, possible service awards and any attorneys' fees and expenses approved by the court. Separately, Academy Mortgage has made security upgrades to better safeguard personal data going forward.

If you're seeking reimbursement for losses, you'll need to provide supporting documentation. The claim form also asks for your name, contact details, payment information, and a signed attestation.

To file online, you'll need the Class Member ID included in the notice you received by mail or email about this settlement.