CFPB consumer payment · Open
Timemark student-loan advance-fee CFPB redress
Timemark telemarketed federal student-loan debt-relief services and, the CFPB found, charged up to $699 in advance fees for paperwork borrowers could file themselves at no cost. Payments have been going out since July 2023 and the CFPB lists the distribution as ongoing. Borrowers who paid Timemark between 2016 and October 2019 may be eligible; the administrator pays from case records, so there is no form to complete and no deadline to miss. Amounts are estimates, and the official process is free from start to finish.
There is no claim form for this one. The administrator pays consumers it has already identified, so the useful step is to make sure they can reach you — not to file anything. Anyone offering to file it for you, for a fee, is selling you nothing.
Facts from the official materials
- Status
- Open
- Type
- CFPB consumer payment
- Category
- Education
- Defendant / company
- Timemark, Inc.
- Administrator
- Epiq Systems (CFPB third-party administrator)
- Claim deadline
- See official notice
- Eligibility period
- January 1, 2016 – October 31, 2019
- States
- See official notice (often nationwide)
- Proof
- No claim to file — payments are sent automatically
- Possible amount
- Varies — paid automatically, no claim form
- Source confidence
- high
- Last verified
- September 6, 2026
Covered products and services
- Timemark student-loan debt-relief services
CFPB v. Timemark, Inc., Timothy Lenihan, Sr., Mark Nagler, and Casey Gassaway · U.S. District Court, Southern District of Florida
The CFPB has said the distribution totals about $3.5 million across roughly 7,185 people, drawn from its victims relief fund and money collected in the case. Individual shares are set by the administrator and are estimates rather than guaranteed sums. There is nothing to file and nothing to pay.
Eligibility questions
These questions help you decide whether to read the official notice. They are not a legal determination.
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