$26M Lakeview Loan Servicing Data Breach Settlement: Are You Eligible to Claim?

Lakeview Loan Servicing LLC, along with Bayview Asset Management, Pingora Loan Servicing, and Community Loan Servicing, agreed to pay $26 million to resolve a class action lawsuit over a 2021 data breach that exposed the personal information of up to 5.8 million current and former customers. If you received a breach notification from any of these companies, you may file a claim for up to $5,000 in documented losses — or a pro rata cash payment with no proof required — before the June 22, 2026 deadline.

Field	Detail
Settlement Amount	$26,000,000
Claim Deadline	June 22, 2026
Who Qualifies	U.S. residents who received a data breach notice from Lakeview, Bayview, Pingora, or Community Loan Servicing
Estimated Payout Per Person	$100–$5,000+
Proof Required	No (pro rata cash); Yes (out-of-pocket losses)
Settlement Status	Open for Claims
Case Number	1:22-cv-20955-GAYLES
Case Title	In re Lakeview Loan Servicing Data Breach Litigation
Administrator	Kroll Settlement Administration LLC
Official Website	lakeviewdatabreachsettlement.com

Here is where things currently stand:

• The settlement is open for claims right now — you have 90 days remaining from the time of publication.
• The opt-out deadline falls on June 11, 2026, eleven days before the claim filing deadline closes.
• The court scheduled the Final Fairness Hearing for July 2, 2026. If the judge grants final approval that day, Kroll will issue payments to approved class members approximately 75 days later.

What the Lakeview Loan Servicing Data Breach Lawsuit Is About

Hackers gained unauthorized access to file servers belonging to Bayview Asset Management, Lakeview Loan Servicing, Pingora Loan Servicing, and Community Loan Servicing beginning on October 11, 2021. The breach ran through December 7, 2021, and exposed the personally identifiable information — names, addresses, loan numbers, Social Security numbers, and loan application data — of up to 5.8 million current and former customers.

Plaintiffs filed class action lawsuits alleging the companies failed to implement adequate cybersecurity safeguards and then delayed notifying victims. Lakeview did not determine what information was actually accessed until January 31, 2022, and did not send breach notifications until March 18, 2022 — roughly three months after the attack began. Some lawsuits alleged that stolen customer data had already appeared for sale on the dark web before victims received any warning.

The defendants deny all allegations but agreed to settle to avoid the cost and uncertainty of a trial. The case, filed in the U.S. District Court for the Southern District of Florida, resulted in the $26 million fund now available to affected consumers.

Who Is Eligible to File a Claim

• You may qualify if you received a written notice from Bayview Asset Management, Lakeview Loan Servicing, Pingora Loan Servicing, or Community Loan Servicing stating that your personally identifiable information was potentially accessed during the October 11, 2021 data breach.
• You may qualify if you resided anywhere in the United States at the time of the breach.
• You may qualify for a double pro rata share if you resided specifically in California on October 11, 2021 — California residents belong to a separate California settlement class with enhanced benefits.
• You may qualify even if you suffered no direct financial loss — the pro rata cash payment tier requires no documentation whatsoever.
• You do not qualify if you did not receive an official breach notice from one of the four named companies.

How Much You Can Receive

The settlement gives class members three benefit options. You select the one that best fits your situation when you file.

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Out-of-Pocket Loss Reimbursement — Up to $5,000

You can claim up to $5,000 for documented, unreimbursed expenses you incurred because of the breach. Eligible expenses include monetary losses from identity theft or fraud, fees for freezing or unfreezing credit reports, notary or postage fees, and credit monitoring services you purchased after October 11, 2021. This tier requires supporting documentation. Total out-of-pocket claims across all class members are capped at $5,000,000, so individual payments reduce proportionally if total valid claims exceed that cap.

Pro Rata Cash Payment — Estimated $100 or More, No Proof Required

All class members can submit for a proportional cash share of whatever settlement funds remain after attorneys’ fees, administration costs, service awards, and out-of-pocket claims are paid out. California residents who lived in the state on October 11, 2021 receive two shares instead of one. The final per-person amount depends entirely on how many valid claims the administrator receives.

Here is a real example of how the math works: if $10 million remains for pro rata payments and there are 90,000 non-California claimants and 10,000 California claimants, the pool contains 110,000 total shares. Each share equals $90.91. A non-California class member receives $90.91. A California class member receives $181.82.

Credit Monitoring — One Year, Free

All class members may elect one year of CyEx Financial Shield Total credit monitoring services at no charge. This benefit does not require any documentation and does not affect your ability to also claim a cash payment.

How the $26 Million Fund Breaks Down

Fund Allocation	Amount
Attorneys’ fees	Up to $8,666,666.67
Service awards (22 class representatives)	$165,000 ($7,500 each)
Attorneys’ expenses	TBD (court approval pending)
Settlement administration costs	TBD
Out-of-pocket loss claims (capped)	Up to $5,000,000
Credit monitoring costs	Based on number of claims
Pro rata cash payments	Remaining settlement funds

How to File a Claim

Step 1 — Locate your Class Member ID printed on the settlement notice mailed to your address.

Step 2 — Visit the official claim portal at lakeviewdatabreachsettlement.com and click the online claim filing link, or download the PDF claim form to complete by hand.

Step 3 — Enter your personal details and Class Member ID exactly as they appear on your notice.

Step 4 — Select your benefit option: out-of-pocket reimbursement, pro rata cash payment, or credit monitoring.

Step 5 — If claiming out-of-pocket losses, upload supporting documentation such as receipts, bank or credit card statements, invoices, or a police report showing identity theft or fraud.

Step 6 — Submit your claim online by June 22, 2026, or mail the completed paper form postmarked no later than June 22, 2026, to: Lakeview Data Breach Settlement, c/o Kroll Settlement Administration LLC, P.O. Box 5324, New York, NY 10150-5324.

Step 7 — Save your confirmation number and keep a copy of everything you submitted.

Estimated time to complete: 5 minutes (no-proof pro rata claim) or 10–15 minutes (out-of-pocket claim with documentation).

Payment options: Electronic payment or paper check mailed to the address you provide.

Key Deadlines

Milestone	Date
Breach Began	October 11, 2021
Breach Ended	December 7, 2021
Breach Notifications Sent	March 18, 2022
Class Action Filed	2022 (Case No. 1:22-cv-20955)
Settlement Agreement Reached	November 2025
Settlement Open for Claims	March 2026
Opt-Out Deadline	June 11, 2026
Claim Filing Deadline	June 22, 2026
Final Fairness Hearing	July 2, 2026
Expected Payment Date	~75 days after final court approval

Frequently Asked Questions

Do I need a lawyer to file a claim? 

No. You file directly through the official settlement website or by mail at no cost to you. The process takes as few as five minutes for the no-proof pro rata option. Hiring an attorney is not required and does not increase your payment.

Is this settlement legitimate? 

Yes. The case — In re Lakeview Loan Servicing Data Breach Litigation, Case No. 1:22-cv-20955-GAYLES — is pending in the U.S. District Court for the Southern District of Florida. Kroll Settlement Administration LLC, a nationally recognized administrator, manages the fund. You can verify eligibility by calling Kroll at 833-754-5757 or visiting the official settlement website at lakeviewdatabreachsettlement.com.

When will I receive my payment?

 The Final Fairness Hearing is scheduled for July 2, 2026. If the court grants final approval that day, Kroll will issue payments to approved class members approximately 75 days later — putting estimated payment delivery in the fall of 2026.

What if I missed the claim deadline? 

The deadline is June 22, 2026. Missing it generally means you cannot receive any cash payment or credit monitoring from this settlement. You would still be bound by the settlement’s release of claims, which means you give up the right to sue the defendants separately over this breach.

Will this settlement payment affect my taxes?

 It may. Payments that compensate you for financial losses you previously deducted on a tax return could be treated as taxable income. Pro rata payments not tied to a documented loss may also be considered ordinary income. Consult a tax professional for guidance specific to your situation — this article does not constitute tax advice.

What personal information did the breach expose?

 The breach exposed names, home addresses, loan numbers, Social Security numbers, and information consumers provided in connection with loan applications, loan modifications, or other mortgage servicing activities.

Why do California residents receive a double payment share? 

California law — including the California Consumer Privacy Act — provides stronger privacy protections than federal law. The settlement recognizes those additional legal rights by awarding California class members two pro rata shares instead of one, resulting in approximately double the cash payment compared to non-California class members.

Can I opt out and file my own lawsuit instead?

 Yes, but you must opt out by June 11, 2026. Opting out preserves your right to pursue an individual claim but means you receive nothing from this settlement. Given the cost and complexity of individual data breach litigation, most affected consumers choose to participate and file a claim.

Sources & References

• Official Settlement Website — lakeviewdatabreachsettlement.com
• Online Claim Form — Kroll Settlement Administration
• PDF Claim Form — Official Download
• Class Notice — Long Form
• Settlement Agreement — Full Document

Last Updated: March 24, 2026

Disclaimer: This article is for informational purposes only and does not constitute legal advice. Legal claims and outcomes depend on specific facts and applicable law. For advice regarding a particular situation, consult a qualified attorney.