Academy Mortgage Settlement: $1.99M+ Deal Resolves Data Breach Lawsuit Over 2023 Cyber Incident

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Academy Mortgage Corporation has agreed to a more than $1.99 million class action settlement to resolve a lawsuit that alleged the residential mortgage lender failed to adequately protect sensitive information from a March 2023 data breach.

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The $1,995,000 Academy Mortgage Corporation class action settlement received preliminary approval from the court on September 29, 2026.

Eligible for the settlement are all living United States residents who were notified by Academy Mortgage that their personal information may have been impacted by the March 2023 data breach.

Court documents state that notice was sent to approximately 285,000 people whose personally identifiable information may have been impacted by the Academy Mortgage data breach.

The court-authorized Academy Mortgage data breach settlement website can be found at AcademyMortgageSettlement.com.

Class members who file a timely, valid claim form can receive up to $3,000 for unreimbursed, documented out-of-pocket losses incurred due to the data breach. This benefit covers losses from identity theft or fraud and costs for credit monitoring, bank fees, long-distance phone charges, postage, local travel expenses, and more.

Class members must submit proof, such as receipts, to receive a documented-loss payment.

In addition, class members can file a claim form to receive a pro rata (proportional) cash payment, with no proof required. The amount of each class member’s pro rata cash payout will depend on the total number of valid claims submitted.

Class members who are California residents can receive double the pro rata cash payment amount.

Lastly, class members can elect on their claim form to receive three years of single-bureau credit monitoring, which includes dark web monitoring, fully managed identity recovery services, and identity theft insurance.

To file an Academy Mortgage settlement claim form online, class members can head to this page and enter the class member ID found on their copy of the settlement notice. Alternatively, class members can download a PDF claim form to print, complete, and return by mail to the settlement administrator.

All Academy Mortgage Corporation settlement claim forms must be submitted online or postmarked by January 27, 2027.

The court will determine whether to grant final approval to the Academy Mortgage Corporation class action settlement following a hearing on March 31, 2027. Settlement benefits will begin to be made available to class members only after final approval has been granted and any appeals have been resolved.

The Academy Mortgage Corporation class action lawsuit alleged that the Draper, Utah-based residential mortgage lender failed to implement adequate cybersecurity measures to protect certain private information from a data breach that occurred in March 2023.

Court documents state that personal information that may have been compromised during the data incident included first and last names, Social Security numbers, financial account information, and dates of birth.

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