People whose personal information was implicated in the December 2024 cyberattack on Mortgage Investors Group, Inc.'s computer systems may qualify to claim a one-time $45 cash payment, or up to $2,000 in documented out-of-pocket losses instead, from the MIG data incident class action settlement. Claims close November 19, 2026, and the final approval hearing is set for November 10, 2026.
Current Status
Claims are open and close November 19, 2026. The Chancery Court for Davidson County, Tennessee authorized notice to the class and set a final approval hearing for November 10, 2026 at 11:00 a.m. Central Time; no final approval order has been entered and no payment date has been announced. Class members who want to leave the settlement, or who want to object to it, have until October 20, 2026 — a month before claims close. MIG denies that it did anything wrong, and the court has not decided who is right.What Changed Recently?
The claim period opened once the court authorized notice to the class in the case captioned White v. Mortgage Investors Group, Inc., Case No. 25-0350-III, pending in the Chancery Court for Davidson County, Tennessee. The lawsuit alleges that during a December 2024 cyberattack on MIG's computer systems, certain files containing private information were accessible, and that those files may have held personal information such as names and financial information.Both sides agreed to settle to avoid the cost, risk, disruption and uncertainty of continuing the litigation, and the court has not decided whether the plaintiff or MIG is right. The notice tells class members that MIG's records identify them as members of the class, and that some may have received an earlier notice directly from MIG about the incident. No later development appears in the settlement documents; the next scheduled event is the November 10, 2026 final approval hearing.
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Who Qualifies?
The court defined the settlement class as all individuals whose personally identifiable information was implicated in the data incident involving Mortgage Investors Group, Inc. There is no state-residency limit and no purchase or account requirement in the definition — membership turns on whether a person's information was caught up in the December 2024 incident.The class definition does not itself set a date range, and the notice does not state how many people were sent notice. The documented-loss benefit is the place a date appears: reimbursable losses run from December 12, 2024, which indicates when the incident was identified, through the November 19, 2026 claim deadline.
Four groups are excluded: MIG along with its officers and directors; governmental entities; the judge assigned to the case, together with the judge's family and staff; and anyone who validly excludes themselves from the settlement. The settlement website adds MIG's related companies to the first group.
This is the third mortgage-industry data breach settlement OCA is tracking with an open claim window. The NJ Lenders data breach settlement pays a nearly identical $40 flat payment or up to $2,500 documented, and the SitusAMC data breach settlement covers a mortgage-services provider whose systems held loan files for several large banks.
How Much Can You Get?
A class member who files can take credit monitoring, and then one of two cash paths. Nothing arrives automatically — the notice is explicit that submitting a valid and timely claim form is the only way to receive benefits, so a class member who files nothing receives nothing and still gives up the released claims.The monitoring is one year of CyEx Financial Shield Complete. The notice describes it as carrying $1 million in financial fraud insurance and monitoring for fraud or identity theft, unauthorized financial transactions, and personal information associated with high-risk transactions, with access to a fraud resolution agent if something suspicious turns up.
The first cash path reimburses actual, documented out-of-pocket losses caused by the data incident, up to $2,000, for losses incurred between December 12, 2024 and November 19, 2026. The notice gives these examples:
- losses from identity theft or fraud
- fees for credit reports, credit monitoring, or freezing and unfreezing credit
- the cost of replacing IDs
- postage to contact banks by mail
The second path is a one-time alternative cash payment of $45, claimed with no proof and no explanation. The notice offers it "instead of any other payments," so it stands against the documented-loss reimbursement rather than adding to it. Whether $45 or a documented claim is worth more depends on what a class member can actually evidence; $45 is a floor, not an estimate of what a documented claim would pay.
Every payment sits under one ceiling. MIG's total obligation is capped at $925,000, and the notice says litigation fees and expenses, the costs of administration, and class benefits all count against that same figure — if the total runs over, everyone's payments are reduced pro rata to bring it back to $925,000. Class counsel will ask the court to approve up to $270,000 in attorneys' fees and litigation costs, and a $2,500 service award for the class representative. The notice says MIG pays both, but because they sit inside the same cap, the money available for class payments is what remains after them and after administration costs.
What Proof or Notice ID Is Required?
Filing online requires a LoginID and a PIN, both printed on the notice the administrator sent to class members. The settlement website states the requirement directly: to start the online claim form you must log in with the LoginID and PIN found on that notice. That gate is why this page marks Proof Required: Yes — OCA treats any administrator-issued identifier as proof, because a class member who never received the notice or discarded it cannot get past the login screen.The way around it is the downloadable claim form, which can be completed and submitted by email or by mail along with any supporting documentation. Class members can also ask the administrator to send a paper claim form. Anyone who cannot locate a LoginID and PIN should use the contact page on the official settlement website rather than waiting, since the same November 19, 2026 deadline applies to a mailed or emailed form.
Proof of loss is a separate question from the login credential. The $45 alternative cash payment needs no documentation at all. A documented-loss claim needs records showing what was spent or lost and showing that the expense came from the data incident.
What Is the Deadline?
A claim is due November 19, 2026, and the three official sources agree on that date. An online claim must be submitted by November 19, 2026. A claim form sent by email must be submitted by the same date. A mailed claim form, signed and with supporting documentation, must be postmarked no later than November 19, 2026. No official timezone is specified for any of them.The deadline to exclude yourself is earlier, on October 20, 2026, and a request for exclusion must be postmarked by that date. An objection has to be filed with the Clerk of the Court by October 20, 2026, with copies sent to the settlement administrator, class counsel and counsel for MIG.
The reimbursable loss window closes on the same day claims do, November 19, 2026, so an expense incurred in the final weeks before filing is still inside it.
How Do You Take Action?
Claims are filed on the official settlement website, MIG Data Settlement.com. The online form opens with the LoginID and PIN from the notice, then works through the enrollment in one year of credit monitoring and the choice between a documented out-of-pocket loss claim and the flat $45 alternative payment.A printable claim form is available from the same website for anyone who would rather not use the portal, and it can be signed and returned to the settlement administrator by email or mail with any supporting documentation.
A class member who wants to keep the right to sue MIG separately has to say so in writing by October 20, 2026, following the instructions in the notice. A request for exclusion covers only the person who signs it, and one person cannot opt out on another's behalf. Doing nothing means staying in the class, giving up the claims released under Section XI of the settlement agreement, and receiving no benefit.
What Happens Next?
The next scheduled event is the final approval hearing on November 10, 2026 at 11:00 a.m. Central Time, in Courtroom 407 of the Chancery Court for Davidson County, Tennessee. The notice says the date and time may change without further notice, so the official settlement website is the place to confirm it.At that hearing the court will decide whether to approve the settlement, how much class counsel should be paid, and whether to award the service award, and it will consider any objections. Class members do not have to attend, and an objection filed on time is considered whether or not the objector appears.
Because the hearing falls nine days before claims close, the total value of claims will not be known when the court rules. Whether the $925,000 cap is reached, and therefore whether payments are reduced pro rata, is determined after claims are counted.
If the court grants final approval, payments follow once the approval is final and any appeals are resolved. The notice says it is not known whether appeals will be filed or how long they would take, and no payment date has been announced.
Sources and Verification
- Notice of Proposed Class Action Settlement — White v. Mortgage Investors Group, Inc., Case No. 25-0350-III (Chancery Court for Davidson County, Tennessee)
- Official settlement website — MIG Data Settlement.com
- Settlement agreement and related filings — Important Documents page
- Frequently asked questions — official settlement FAQs
- Claim and hearing dates — Important Dates page
Questions
Does taking the $45 payment cost me the credit monitoring?
The notice does not say that it does. It offers the $45 as a one-time payment claimed "instead of any other payments," which sets it against the documented-loss reimbursement rather than against the monitoring. Credit monitoring is described separately as a service all class members are eligible to enroll in, not as a payment. The claim form is the place that settles it, since it is where the two cash options and the monitoring enrollment each appear, and a class member who wants both should confirm the monitoring box is checked before submitting.
Why is the final approval hearing scheduled before the claim deadline?
The court will consider final approval on November 10, 2026, nine days before claims close on November 19, 2026. That ordering is unusual but not a contradiction: the court rules on whether the settlement terms are fair, which does not depend on the final claim count. The practical consequence is that the total value of claims will not be known when the court rules, so whether the $925,000 cap is reached, and whether payments are cut pro rata, is settled after the hearing rather than at it.
What does the $925,000 cap actually mean for my payment?
It is a ceiling on everything MIG pays, not a fund set aside for class members. The notice says litigation fees and expenses, the costs of administration, and class benefits all count against the same $925,000, and that payments are reduced pro rata if the total runs over. Class counsel will ask the court to approve up to $270,000 in fees and costs, and a $2,500 service award. Those requests are subject to court approval, and what is left after them and after administration costs is what funds the $45 and documented-loss payments.
I never received a notice with a LoginID and PIN. Can I still file a claim?
Not through the online portal. The settlement website says you must log in with the LoginID and PIN printed on the notice sent to you, and there is no way past that screen without them. The downloadable claim form is the route around it: it can be completed and submitted by email or mail with any supporting documentation. Anyone who believes they are in the class but cannot locate a notice should use the contact page on the official settlement website to reach the administrator well before November 19, 2026.
Can I claim a loss I have not incurred yet?
The reimbursable window runs from December 12, 2024 through November 19, 2026, which is the claim deadline itself, so a loss incurred in the weeks before you file is inside the window. What you cannot do is claim a loss expected later, because the claim form has to be submitted by the same date the window closes. Expenses already reimbursed by a third party cannot be claimed at all, and documentation such as bank statements or receipts has to show the expense came from the data incident.
Does opting out get me a bigger payment?
No. Opting out pays nothing from this settlement. It preserves whatever right a class member may have to sue Mortgage Investors Group separately over the claims this settlement releases, which is a trade that makes sense only for someone with a substantial individual loss they intend to pursue on their own. The request for exclusion must be postmarked by October 20, 2026, it can only be made for yourself, and someone who opts out cannot also object, because a settlement you have left no longer affects you.
