Change password reset text with the gettext filter

change-text-or-translate-with-gettext.php

<?php
/**
 * This recipe changes text with the gettext filter.
 * Can be used to change text or translate specific text strings.
 *
 * You can add this recipe to your site by creating a custom plugin
 * or using the Code Snippets plugin available for free in the WordPress repository.
 * Read this companion article for step-by-step directions on either method.
 * https://www.paidmembershipspro.com/create-a-plugin-for-pmpro-customizations/
 */

function change_text_or_translate_with_gettext ( $translated, $text, $domain ) {
	switch ( $domain ) {
		case 'paid-memberships-pro':
			switch ( $text ) {
				case 'Check your email for the confirmation link, then visit the login page.':
					$translated = 'If that account exists in our system, then we will send a password reset link.';
					break;
			}
	}
	return $translated;
}
add_filter( 'gettext', 'change_text_or_translate_with_gettext', 10, 3 );