Did you receive a notice from Hometrust Mortgage? Did you receive a mail about a class action settlement to resolve Hometrust Mortgage data breach Lawsuit? This review will help you partake in the class action settlement after confirming the authenticity of the mail.
What Is Hometrust Mortgage data breach Class Action Lawsuit?
Hometrust Mortgage agreed to a class action lawsuit settlement to resolve claims it failed to prevent a 2022 data breach.
The case is Yuan v. Hometrust Mortgage Co., Case No. 1:22-cv-01355-DII, in the U.S. District Court for the Western District of Canada.
What Is This Class Action All About?
According to the class action lawsuit, Hometrust failed to implement reasonable cybersecurity measures which could have prevented a data breach in July 2022. The breach reportedly compromised names, contact information and Social Security numbers.
Hometrust Mortgage is a mortgage lender based in Houston, with locations in Texas and New Mexico.
Hometrust hasn’t admitted any wrongdoing but agreed to pay an undisclosed sum to resolve the data breach class action lawsuit.
Under the terms of the settlement, class members can receive several benefits including reimbursement, cash payments and credit monitoring.
Class members can receive reimbursement for data breach-related economic damages that have not been reimbursed by another third party. There is no expense reimbursement limit listed on the settlement website.
Similarly, class members can claim up to 10 hours of lost time at a rate of $40 per hour, for a maximum lost-time reimbursement of $400.
Class members who did not experience economic losses or lost time can opt to receive a cash payment of $50 instead of any reimbursement. The settlement website is PrivacyBreachSettlement.com.
All class members are eligible for one year of free credit monitoring and identity restoration services provided by Equifax. These services include three-bureau monitoring, fraud alerts and more.
Who Is Eligible?
This settlement benefits individuals whose personal information was potentially compromised in a July 2022 Hometrust Mortgage data breach.
How To Be Part of This Settlement
To partake in this settlement, class members must submit a reimbursement form and/or cash payment form by Sept. 11, 2023.
The deadline for exclusion and objection is Sept. 11, 2023.
What Is The Pay For This Settlement?
The pay for this settlement varies and the proof of purchase is the documentation of data breach-related expenses.
Conclusion
As you submit your claim to the settlement website, just like Walgreens Health Data Privacy class action settlement we have reviewed, you’re doing so under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. The final approval hearing for the settlement is scheduled for Nov. 17, 2023.
