N.J.S.A. 17:16K-6

Negligent, willful or reckless violation of act by financial institution or government agency; penalties

17:16K-6. Negligent, willful or reckless violation of act by financial institution or government agency; penalties If a court of competent jurisdiction determines that a financial institution or a government agency acted negligently, willfully, or recklessly in violating this act, the financial institution or government agency shall be liable to the aggrieved person for actual damages sustained by him; reasonable litigation costs; reasonable attorneys' fees; and only in cases where a financial institution or government agency acted willfully or recklessly, a court of competent jurisdiction may award punitive damages where appropriate. L.1983, c. 466, s. 6, eff. Jan. 12, 1984.

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This is the verbatim text of N.J.S.A. 17:16K-6, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 17:16K-6 — Negligent, willful or reckless violation of act by financial institution or government agency; penalties | Kyzer