NJ Lenders Corp Settles Data Breach Lawsuit for $2,500 Payouts

A New Jersey mortgage lender has agreed to a class action settlement following a cyberattack on its systems in August 2025. The breach exposed sensitive details for roughly 35,000 customers, including names and Social Security numbers. While NJ Lenders Corp denies any wrongdoing, they are now providing financial relief to those impacted by the security failure.

The settlement offers a few different ways to receive payment. Affected individuals can claim reimbursement for documented losses reaching up to $2,500. Those who do not have specific losses can opt for a flat $40 payment instead. However, there is a $100,000 total cap on these claims, which means individual payouts might be reduced if too many people apply at once.

Beyond cash payments, the deal includes one year of credit monitoring services and identity theft insurance up to $1 million. If you were a customer affected by this incident, take note of the upcoming deadlines. Claims must be submitted by October 1, 2026, while the deadline to opt out or object to the deal is September 16, 2026. A final hearing to approve the settlement is scheduled for October 16, 2026.