Claims are closed. The deadline was May 27, 2025. The official settlement website still describes the settlement as preliminarily approved and does not announce a payment distribution date.
Claims are closed. The deadline was May 27, 2025. The official settlement website still describes the settlement as preliminarily approved and does not announce a payment distribution date.
StatusFinal-Approval Update PendingThe official site still describes the settlement as preliminarily approved.
Claim DeadlineMay 27, 2025The filing window has passed.
Settlement Fund$25 millionSee the settlement documents for allocation terms.
Potential BenefitCash or up to $5,000Benefit amounts depended on the selected claim type.
What Happened?
The lawsuit alleged that an unauthorized party accessed loanDepot systems between January 3 and January 5, 2024 and potentially acquired personal information. loanDepot denied wrongdoing, and no court made a determination that it violated the law. The parties proposed a settlement to avoid continued litigation.
Who Was Covered?
The settlement covered approximately 16.9 million people in the United States who were sent individualized notice that their information may have been affected.
What Benefits Were Available?
Class members could request a pro rata cash payment, an additional California subclass payment where applicable, up to $5,000 for documented out-of-pocket costs, and two years of financial monitoring and identity-theft insurance.
How Claims Were Filed
During the filing period, eligible class members could submit a claim online or use the paper form provided by the administrator. Documentation requirements depended on the benefit requested. The filing window is now closed.
• Claim deadline: May 27, 2025
• Final approval: Official site still reports preliminary approval
• Payment status: Not announced
Settlement Fund and Legal Fees
Court-approved notice, administration, legal-fee, and expense amounts are governed by the settlement documents and court orders. Those deductions can affect the amount available for eligible claims.
Case Information
The case is In re loanDepot Data Breach Litigation, Case No. 8:24-cv-00136-DOC-JDE, in the U.S. District Court for the Central District of California.