Elon Property Management Credit Reporting Fee Settlement

Settlement Structure: Claims Made

Active: Open

Case Summary:

Elon Property Management Company – Lexford Pools 1/3 LLC and Elon Property Management LLC are putting up half a million dollars to partially settle a class action alleging they did not comply with the disclosure requirements of the federal Credit Repair Organizations Act (CROA) in running a credit building program with tenants of their residential apartment complexes. The companies had been charging $5 monthly fees for reporting their rental payments to a credit reporting agency.

Docket Number:


Company: Elon Property Management Company

Filing Deadline: January 1, 2100

Class Period: June 23, 2017 to June 23, 2021

Objection Deadline: September 27, 2022

Exclusion Deadline: September 27, 2022

Final Approval Hearing: November 4, 2022

Proof of Purchase:

If you received a Notice, you do not have to take any further action.


You may be eligible if you were a person in the US who, between June 23, 2017 and June 23, 2021, were a tenant of Elon and paid rental payment reporting fees directly to Elon on their own behalf.

Typical Settlement Amount:

Partial reimbursement of the $5 monthly rental payment reporting fees, or credit builder fees, you paid to Elon for reporting your rental payment status to a credit reporting agency. Class members will receive a distribution of the net settlement fund based on a calculation of each person’s respective share. Current tenants of Elon properties will receive their portion as a one-time credit against rent due. Those who are not current tenants will receive a check for their shares.

Total Settlement Amount: $500,000

Class Representative Proposed Incentive Fee:


Law Firms:
Law Office of Robert W. Murphy
Santoni, Vocci & Ortega LLC


Settlement Website: Yost Class Settlement Website

Claims Administrator:
American Legal Claim Services, LLC

Claims Administrator Contact Information:

American Legal Claim Services, LLC
5985 Richard Street, Suite 3
Jacksonville, Florida 32216

Tags: Credit Reports, Did Not Make/Receive Proper Disclosures, Fees Fines Penalties Etc.