Premium Mortgage Corporation Settlement Wraps Up Class Action Over Aug. 2023 Data Breach

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Premium Mortgage Corporation has agreed to settle a class action lawsuit that alleged the residential mortgage lender failed to protect sensitive data stored on its systems from a targeted cyberattack in August 2023.

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The Premium Mortgage class action settlement received preliminary approval from the court on January 23, 2026 and covers all individuals whose personally identifiable information may have been compromised as a result of the data breach announced by Premium Mortgage on or around January 10, 2024. Per court documents, the information of approximately 10,835 customers may have been implicated in the breach.

The court-approved website for the Premium Mortgage Corporation (PMC) data breach settlement can be found at PMCDataLitigation.com.

According to the website, PMC settlement class members who file a valid, timely claim form have multiple options for reimbursement.

Class members who submit a claim form with documented proof of ordinary out-of-pocket losses stemming from the data breach are eligible to receive a one-time cash payment of up to $325. The settlement agreement states that class members must submit third-party documentation to receive payment for unreimbursed expenses related to fraud, identity theft, bank fees, credit repair services, credit freezing or unfreezing and other miscellaneous expenses such as travel and postage.

The site relays that PMC settlement class members who submit documented proof of extraordinary losses stemming from the data breach are eligible to receive a one-time cash payment of up to $5,000 from the settlement. The agreement states that class members must prove their losses were monetary and incurred between August 23, 2023 and April 21, 2026. Additionally, the settlement says these expenses may not have already been reimbursed by a third party.

In addition to payment for ordinary or extraordinary losses, PMC class members may also file a claim form for reimbursement of up to four hours of lost time spent responding to the data breach, at a rate of $25 per hour. Per court documents, class members must submit their claim form with a brief explanation of their activities during this time.

In lieu of any documented losses, the settlement site reports that class members may instead file a claim for an alternative one-time cash payment of $50.

PMC settlement class members may elect to receive their cash payout via check or electronic payment upon submission of a claim form, the agreement notes, and all checks must be cashed within 90 days of issuance before expiration.

In addition to any monetary benefits, all PMC class members may file a claim form to receive an enrollment code for three years of free credit monitoring and identity theft protection services from the settlement.

To file a PMC data breach claim form online, class members can head to this page and enter the notice ID and confirmation code on their copy of the settlement notice. Alternatively, class members may download a PDF of the claim form to print, fill out and return by mail to the address of the settlement administrator listed at the end of the document.

All Premium Mortgage settlement claim forms must be submitted online or by mail by April 21, 2026.

The court will determine whether to grant final approval to the PMC data breach settlement following a hearing on May 14, 2026. Compensation will begin to be distributed to class members only after final approval has been granted and any appeals have been resolved.

The Premium Mortgage Corporation class action lawsuit alleged that the New York-based mortgage lender failed to implement reasonable cybersecurity measures to safeguard confidential information it collected from its customers, leading to a data breach between August 24, 2023 and August 31, 2023. Per court documents, the private information that may have been impacted by the breach included full names, Social Security numbers, payment card information and financial account information.  

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