$6.5M TitleMax Data Breach Class Action Settlement

If your personal information was accessed, stolen, impacted, or compromised as a result of a data breach announced by TMX Finance Corporate Services, Inc. and TMX Finance LLC, you may be eligible to claim up to $500 from a class action settlement.

TMX Finance Corporate Services, Inc. and TMX Finance LLC have agreed to pay $6,500,000 to resolve a class action lawsuit regarding alleged failures to safeguard customer data, which led to a significant data breach impacting individuals across the United States.

Who is eligible to submit for a data breach payout?

You may be a class member if:

• You resided in the United States at the time of the TMX Finance data breach, which was announced in March 2023.
• Your personal information was accessed, stolen, impacted, or compromised as a result of the data breach, as identified in the official class list.
• You are a current or former customer of a TMX Finance subsidiaries such as TitleMax, TitleBucks, or InstaLoan and received a settlement notice by mail or email.

How much is the TitleMax class action settlement payment?

The settlement provides several forms of relief and claim options for class members:

• Undocumented Losses or Harm: Class members may submit to receive a flat $35 payment for losses or harm they believe are related to the data breach. No documentation is required for this claim.
• Documented Out-of-Pocket Losses: Class members may also claim up to $500 for documented, unreimbursed out-of-pocket losses that are fairly traceable to the data breach. This includes:
• Costs or losses related to identity theft, fraud, or misuse of your information that occurred after the breach.
• Expenses incurred after the breach for mitigation, such as notary, postage, copying, or mileage.
• Professional fees to address the breach, such as CPA or attorney fees.
• Purchases of credit monitoring or mitigation services after the breach.

• Debt Reduction: Class members that do not submit a claim or submit a claim that is not approved will received a one-time $20 credit applied to any outstanding balance owed to TMX Finance LLC subsidiaries. If the account balance is less than $20, the account will be reduced to a balance of $0. This is a no cash payment benefit.

The settlement has a maximum amount available for each Losses claim category. Payments will be reduced on a pro rata basis, which will be determined by the number of valid claims submitted.

• The total available for Undocumented Losses or Harm claims is capped at $4,500,000.
• The total available for Documented Out-of-Pocket Losses claims is capped at $2,000,000.

How to claim TMX Finance class action rebate:

To receive a settlement payment payment, class members must file a claim online or print the PDF claim form to complete and mail to the settlement administrator.

Settlement Administrator's mailing address: TMX Data Settlement c/o Settlement Administrator PO Box 25043 Santa Ana, CA 92799

All claims must be submitted online or postmarked by the August 6, 2025 deadline.

The Unique Claim ID and PIN from the settlement notice are required to submit a claim. If you believe you are a class member and cannot locate your ID and PIN, contact the settlement administrator by emailing info@TMXDataSecuritySettlement.com.

Required proof and information

• Unique ID and PIN from official settlement notice required to submit a claim.
• Documented Out-of-Pocket Losses claims require supporting documentation such as receipts, bank or credit card statements, invoices, and/or proof of fraudulent activity that caused a monetary loss.

TitleMax claim payout options

Check mailed to address provided

Electronic payment

TMX Finance settlement fund breakdown

The settlement fund of $6,500,000 will cover all payments to class members, as well as administrative costs, attorneys' fees, and other expenses. The fund is divided as follows:

• Undocumented losses or harm claims: Up to $4,500,000
• Documented out-of-pocket losses claims: Up to $2,000,000
• Debt reduction for class representatives: Up to $200,000, does not reduce available settlement funds for claimants
• Attorneys' fees and expenses: Up to $5,750,000, paid separately by the defendant
• Settlement administration costs: To be determined, paid separately by the defendant

Important dates

• Opt Out Deadline: July 7, 2025
• Deadline to File a Claim: August 6, 2025
• Final Approval Hearing: August 12, 2025

When is the TitleMax data breach settlement payout date?

Payments will be issued to approved claimants approximately 90 days after the court grants final approval of the settlement and any appeals are resolved.

Why did TMX Finance agree to this settlement?

The class action lawsuit alleged that TMX Finance failed to take reasonable steps to protect customer data, resulting in a data breach between December 2022 and February 2023. Plaintiffs claimed TMX was responsible for negligence, unjust enrichment, breach of bailment, invasion of privacy, and violations of consumer protection statutes.

TMX Finance denied any wrongdoing but agreed to settle to avoid the expense of continued litigation and the possibility of a trial. The settlement also includes commitments by TMX to improve data security.

Sources

1. Official Settlement Website
2. Class Notice
3. Settlement FAQ Page