Up to $100K NJ Lenders Corp Settlement Ends Data Breach Lawsuit Over 2025 Incident

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NJ Lenders Corp has agreed to an up to $100,000 class action settlement to wrap up a lawsuit that alleged the mortgage banker failed to protect sensitive files on its computer systems from a targeted August 2025 cyberattack. 

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The NJ Lenders Corp class action settlement received preliminary approval from the court on June 18, 2026. The deal covers all individuals who received a direct notice that their private information may have been impacted in the NJ Lenders Corp data breach.

Court documents state that the names and Social Security numbers of roughly 30,000 people were impacted in the cyberattack.

The court-approved website for the NJ Lenders data breach settlement can be found at NJLendersDataSettlement.com. 

Settlement class members who file a valid, timely claim form can receive up to $2,500 for documented out-of-pocket losses incurred between August 18, 2025 and October 1, 2026 due to the NJ Lenders data breach. This benefit covers expenses stemming from identity theft and fraud and costs for credit reports, credit monitoring, freezing/unfreezing credit, replacing IDs and more. 

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

In lieu of a documented-loss payment, class members can file a claim form to receive a $40 cash payment, with no proof required. 

The amount of each class member’s documented-loss or cash payout may be reduced on a pro rata basis should the total value of all valid claims exceed the $100,000 settlement cap. 

As part of the settlement, all class members can enroll in one year of CyEx Financial Shield Complete, which includes financial fraud insurance and monitoring for fraud and identity theft, unauthorized financial transactions, and more. CyEx enrollment codes have been sent to all class members, and activation instructions will be shared once the class action settlement receives final approval from the court.

To submit a NJ Lenders claim form online, class members can head to this page and enter the login ID and PIN found on their copy of the settlement notice. Alternatively, class members can download a PDF of the claim form to print, fill out and return by mail to the settlement administrator.

All NJ Lenders claim forms must be submitted online or by mail by October 1, 2026. 

The court will decide whether to grant final approval to the NJ Lenders Corp data breach settlement following a hearing on October 16, 2026. Compensation will begin to be distributed after the settlement has received final approval and any appeals are resolved.

The NJ Lenders data breach lawsuit alleged that the Little Falls, New Jersey-based mortgage banker failed to safeguard its computer systems from unauthorized access, which allegedly led to an August 2025 cyberattack that exposed consumers’ names, Social Security numbers, and/or other non-public personally identifiable information. 

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