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Verify My Notice LetterThis case file references a public filing made with the state filing in CA. This website is not affiliated with, endorsed by, or operated by any state government agency.
New American Funding, LLC was the subject of a data breach notification filed with the CA Attorney General. The AG filing was recorded on July 11, 2025.
From the AG filing description
New American Funding, LLC is a prominent, independent mortgage lender and financial services institution operating nationwide, with a significant operational footprint in California. Because the company originates, processes, and services residential mortgages and home loans, it routinely collects, processes, and maintains vast quantities of deeply sensitive consumer information. Mortgage lending requires a complete financial portrait of every applicant, meaning the institution acts as a permanent repository for private financial documents, income verifications, tax records, and government-issued identifications, creating an inherently high-value target for malicious actors seeking to exploit personal data. In 2025, New American Funding, LLC formally reported a security incident to the California Attorney General, alerting consumers and regulatory authorities to an unauthorized compromise of its network systems. Within the mortgage and financial services sector, incidents of this nature typically involve sophisticated cyberattacks, such as unauthorized intrusions into internal loan origination databases, cloud storage environments, or compromises involving third-party vendor platforms. These threat actors frequently leverage advanced malware, ransomware, or credential-stuffing techniques to bypass inadequate security controls, gaining unfettered access to sensitive archives containing confidential borrower files. The data compromised in incidents affecting mortgage institutions typically includes full legal names, Social Security numbers, dates of birth, home addresses, financial account numbers, routing numbers, and detailed credit history or underwriting reports. The exposure of this information creates severe, long-term risks for affected individuals. Unlike easily replaceable credit card numbers, a compromised Social Security number and detailed financial profile cannot be changed, leaving victims exposed to permanent risks of identity theft, fraudulent loan applications, synthetic credit creation, tax fraud, and unauthorized financial account takeovers that can devastate an individual's financial standing for years. Under federal and state law, financial institutions like New American Funding, LLC are bound by stringent legal obligations to protect consumer data. These duties are governed by statutes such as the Gramm-Leach-Bliley Act (GLBA) and California's comprehensive consumer privacy and data security laws, which require institutions to implement robust administrative, technical, and physical safeguards to protect non-public personal information. A breach of this magnitude strongly indicates a failure to maintain adequate cybersecurity protocols, encryption standards, or timely threat-monitoring systems, representing a potential breach of contract and statutory duty under state law. Receiving an official data breach notification letter from New American Funding, LLC is a formal admission by the company that your sensitive personal information was exposed due to their security failures. Legally, this notification establishes the foundation for affected consumers to participate in a class action lawsuit, granting them legal standing to seek accountability and compensation. Crucially, victims do not need to prove that they have already suffered actual financial loss or identity theft to join a class action; the increased risk of future harm and the cost of mitigation are sufficient. Our firm handles these complex data breach cases on a contingency fee basis, meaning there are never any out-of-pocket costs or fees unless we successfully recover compensation on your behalf.
Under the California Consumer Privacy Act (CCPA), you may have a legal claim against New American Funding, LLC if any of the following apply:
Based on the data types reported in this filing:
Your SSN is the master key to your identity. Once exposed, criminals can open new lines of credit, take out loans, or file taxes in your name.
Combined with a name and other leaked data, date of birth helps criminals pass identity verification questions at banks and government agencies.
Common categories of compensation in data breach class actions
Courts recognize that the time spent monitoring accounts, placing credit freezes, and dealing with the aftermath of a breach has real economic value. This category of damages is recoverable even without direct financial loss.
Professional credit monitoring services cost $10–$40 per month. Identity theft restoration services, if needed, can cost hundreds of hours and thousands of dollars. Courts have awarded these costs as direct damages in SSN breach cases.
Direct financial losses resulting from the breach — unauthorized charges, fraudulent transfers, or fees incurred through fraud — are recoverable as compensatory damages. Banks may reverse some charges; a class action recovers the remainder and associated costs.
Several state data breach laws provide for statutory minimum damages — fixed amounts recoverable per affected individual regardless of actual loss. These provisions exist specifically to make legal action viable for victims who have not yet experienced direct harm.
Note: an attorney general breach filing does not by itself establish a settlement fund, a payment amount, or a claim deadline. If an official settlement notice is later issued, rely on that notice for payment details and deadlines.
No. Under California Consumer Privacy Act (CCPA) and federal law, the unauthorized exposure of your personal data — regardless of whether it has been actively misused — can be sufficient grounds for a claim. The breach itself is the injury.
Nothing. The Law Office of David S. Harris handles data breach cases on contingency — you pay zero upfront and owe nothing unless compensation is recovered.
Immediately place a free credit freeze at all three bureaus (Equifax, Experian, TransUnion). A freeze blocks new accounts from being opened in your name. Then file a complaint with the FTC at IdentityTheft.gov and contact our office — SSN exposure is one of the most serious breach types.
Banks may reverse fraudulent charges, but they are not obligated to compensate you for time lost, stress, or indirect damages. A class action claim against the breached company can recover those additional categories of harm.
Statutes of limitations for data breach claims vary by state but typically run 2–4 years. Depending on when you learned of the breach, you may still have time. Contact our office for a free eligibility review — there is no cost to find out.
Accepting free credit monitoring from New American Funding, LLC does not waive your right to pursue legal action unless you signed a specific release waiving claims. In most cases, victims who accepted monitoring can still file.
Not necessarily. Many data breach victims are never notified directly. If your personal information was held by New American Funding, LLC during the relevant period, you may still qualify even without receiving a letter. A free eligibility review can confirm your status.
Applicable State Law
This breach was reported under the California Consumer Privacy Act (CCPA), which mandates notification and establishes your right to seek damages.
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