Who may qualify for a payment?
- You may be eligible if program records identify you as a consumer borrower in loan data FastBucks gave the State and show that you were adversely affected by the practices involved.
- Getting a notice does not guarantee that you will receive a payment or that you are owed a particular amount.
How do I request payment, and what is the deadline?
- You must submit one claim by November 24, 2026.
- You can file online using a Claim ID Number if one was provided, or return the claim information page from the postcard notice. You can also mail a paper Claim Form.
- A mailed form must be postmarked by the deadline. Keep a copy of what you send, and do not submit the same claim both online and by mail.
What information or documents will I need?
- If your notice included a Claim ID Number, the program will usually rely on its existing records instead of asking for supporting documents.
- If you do not have an assigned Claim ID Number, include additional loan information on the Claim Form so the Administrator can try to verify your claim.
- The Administrator can request more information to confirm matters such as identity, address, authority to act for someone else, deceased-borrower status, or entitlement. Do not send original loan papers or sensitive information unless specifically asked.
How much could I receive?
- The notice does not set a payment amount. A valid claimant’s payment will be worked out under final program rules using the available records.
- The calculation may take account of loan-level information, net overpayments, the number of valid claims, the net money available, and any approved minimum or maximum payment rules.
- About $964,000 is identified as gross recovered funds, not as the final amount available for payments. Administrative expenses and required adjustments will affect the net amount.
How can I receive an approved payment?
- You may choose a paper check, PayPal, Venmo, or Zelle.
- Checks go to the address on your claim. For PayPal, Venmo, or Zelle, provide the phone number or email address connected with the account you choose.
- Keep your contact and payment details current so the program can contact you or deliver payment.
What if my details are wrong or I am filing for another person?
- You can update your name, address, email, phone number, payment method, or representative information through the restitution website or by contacting the Administrator.
- A person filing for a deceased borrower or as an authorized representative must follow the Claim Form instructions. The Administrator may ask for records showing authority, such as estate, guardianship, or power-of-attorney documents.
Do I have to pay anything, and what happens if I do nothing?
- There is no fee to file a claim or receive a payment. The Administrator says it will not ask you to pay money to release a payment.
- If you do nothing, you will not receive a payment from this program. Doing nothing alone does not mean that you accept payment or give up legal rights.
What could accepting a payment mean for my legal rights?
- The notice warns that accepting restitution may prevent you from later recovering damages from the same defendants for the same unlawful practice.
- This effect can depend on the funding source, the law that applies, and your individual circumstances. The Administrator and New Mexico Department of Justice cannot give legal advice; the notice says to consult your own lawyer before accepting if you have questions about your rights.
When are payments expected to be sent?
- Approved payments are expected to start during April 2027, after claims are reviewed and required processing is completed.
- That schedule can change. Keep your information current in case the program needs to contact you about a follow-up request, payment, replacement payment, tax form, or an uncashed-payment notice.
Case Details
- Case name: State of New Mexico v. FastBucks Holding Corporation, et al.
- Case number: D-101-CV-2009-01917
- Court: First Judicial District Court, Santa Fe County, New Mexico
- Administrator: EisnerAmper
- Official Settlement Website: https://www.FastBucksNMRestitution.com
Sources
Official Settlement Website
Claim form, FAQ, deadlines, administrator information
Visit Site →Claim form, FAQ, deadlines, administrator information
Official Settlement Notice (PDF)
Court-approved notice describing eligibility and benefits
Open PDF →Court-approved notice describing eligibility and benefits